Affidavit for Application For Exemption From Stamp Duty (Transfer Of Property Between Associated Companies)

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It is a sworn statement made under oath by a director, company secretary, or other authorized officer of a company when seeking exemption from paying stamp duty on a transfer of property (land, shares, or other assets) between companies that are legally recognized as associated companies.

The affidavit is prepared pursuant to the Stamp Duty Act (Cap 480, Laws of Kenya) - specifically Section 96, which allows exemption if:

1. One company owns at least 90% of the shares in the other; or
2. Both companies are subsidiaries of the same parent company that owns at least 90% of each.

It is sworn before a Commissioner for Oaths and submitted to the Collector of Stamp Duty (KRA) alongside the application for exemption.

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Affidavit for Application For Exemption From Stamp Duty (Transfer Of Property Between Associated Companies)

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