Uganda, April 15 -- A discussion has ensued since the publication of a five percent withholding tax on gains earned from the sale of land in cities and municipalities and the sale of rental property. With all the valid points raised, one factor was overlooked, the mode of assessment of such an increment and by whom.

A gain is usually in value. There is a difference between value and price, the value being the perceived worth of the product or service to the buyer and the price being the amount that a buyer must pay to purchase a product. There was mention of relying on sales agreements instead of valuations by valuers registered by the Surveyor's Registration Board.

Several value-determining factors are considered by a professional with...