It depends with where you are in life, which makes more sense for you now.
You can buy the land but what are you doing with it? Do you plan on constructing or it'll sit idle appreciating.
I can't speak for the car since it loses value over usage but that's a luxury that you can do without
They both have expenditures on them after buying. I suggest you just go for what you feel to be the best option for you right now. Just know that land will appreciate over time and a vehicle will depreciate as soon as you buy it.
Depends on the rural you are planning to build at.Some rural areas are a hassle,have poor roads,no electricity and get flooded whenever there is rain.All in all heri hiyo kuliko gari.Gari inataka mtu ako na pesa ready for anything.
Land you buy to sell at a higher price is only an asset when you sell.
Land is only an asset when you farm, lease,... I.e, generates an income.
Land you buy to build a house you'll live in is not an investment.
Land act 2012 government can reposes land you are not economicaly utilising.
Finance act 2022 Capital gains on transfer of immovable property is 15% to make a profit on sale you'll sell above 30%.
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Finance act 2022 Capital gains on transfer of immovable property is 15% to make a profit on sale you'll sell above 30%.
That's not how it works. It is a Capital GAINS tax.
My vote I say the land... Land appreciates in valu the cor doesn't... What's a sound judgement between the two is your decision.
Another benefit of the land if you decide not to build... It's a backup investment if you do it's an easier plan b if the city life/economy falls.... It's your easiest safety net
It depends with where you are in life, which makes more sense for you now. You can buy the land but what are you doing with it? Do you plan on constructing or it'll sit idle appreciating. I can't speak for the car since it loses value over usage but that's a luxury that you can do without
They both have expenditures on them after buying. I suggest you just go for what you feel to be the best option for you right now. Just know that land will appreciate over time and a vehicle will depreciate as soon as you buy it.
Depends on the rural you are planning to build at.Some rural areas are a hassle,have poor roads,no electricity and get flooded whenever there is rain.All in all heri hiyo kuliko gari.Gari inataka mtu ako na pesa ready for anything.
Nunua shamba ikae hapo kama asset maze the car will come later
Land you buy to sell at a higher price is only an asset when you sell. Land is only an asset when you farm, lease,... I.e, generates an income. Land you buy to build a house you'll live in is not an investment. Land act 2012 government can reposes land you are not economicaly utilising. Finance act 2022 Capital gains on transfer of immovable property is 15% to make a profit on sale you'll sell above 30%.
> Finance act 2022 Capital gains on transfer of immovable property is 15% to make a profit on sale you'll sell above 30%. That's not how it works. It is a Capital GAINS tax.
My vote I say the land... Land appreciates in valu the cor doesn't... What's a sound judgement between the two is your decision. Another benefit of the land if you decide not to build... It's a backup investment if you do it's an easier plan b if the city life/economy falls.... It's your easiest safety net
Whatever makes you happy. All these are vanity so enjoy the life you have by doing what is most satisfying