| dc.description.abstract | Demand for new housing units in urban areas is high and requires urgent solution. This study sought to find out whether tax incentives have had any impact on housing development. The objective of this study was to identify the various tax incentives put in place to promote house development by construction companies and horne ownership by individuals. This study used exploratory design to achieve this objective. The population of the study was obtained from a list of developers who are members of Kenya Private Developers Association.
A sample size of 30 was obtained using simple random sampling technique. Both primary and secondary data was collected for the purpose of the study. Secondary data was collected from sampled firms performance, journals, magazines and books. The primary data was collected through the use of a self administered questionnaire. Data was analyzed using mean scores and regression analysis in order to relate tax incentives to housing development. This study found out that government incentives, if any, has been minimal. The study also found that there are no government incentives in terms of financial resources. There are slight incentives in infrastructure development, conducive legal and political environment. On whether there are tax incentives 17% of the respondents were III agreement with regards to government incentives in the form of taxation while 83% refuted this assertion.
Financial resources were found to be the most important factor in house construction followed by infrastructure development and housing tax incentives. This study recommends that further research should be done on specific housing development incentives so that a more refined relationship between the specific incentives for housing developers is established. Research should also shift to focus on the demand side i.e. incentives on the individual horne buyers as opposed to supply side i.e. contractors and developers. | en_US |
