Finance Bill 2019: CGT on immovable properties revamped

ISLAMABAD: The capital gain tax on the immovable properties has been revamped through Finance Bill 2019 in order to streamline taxation on gains at the time of sale of immovable properties. Read more »

No provision for non-filers to purchase immovable property, motor vehicle: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that no such provision was proposed through Finance Bill 2019 to allow non-filers to purchase immovable property or motor vehicles. Read more »

Finance Bill 2019: Amnesty on immovable property purchase withdrawn

ISLAMABAD: The government has withdrawn a permanent amnesty for not explaining the source of investment in purchasing immovable properties. Read more »

Black money invested in immovable properties allowed whitening at just 1.5 percent of tax

KARACHI: The government has allowed whitening of money investment in immovable properties at nominal income tax rate of 1.5 percent on declaration made by June 30, 2019. Read more »

FBR launches crackdown against high-valued undeclared immovable properties

KARACHI: Federal Board of Revenue (FBR) has launched drive against high-valued transactions of immovable properties in order to unearth quantum of black money used for the purpose. Read more »

FBR assigns officers for directorate immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has assigned officers of Inland Revenue Service (IRS) for the duties to make operational the directorate of immovable properties. Read more »

FBR issues new valuation table for 28 areas in Rawalpindi

ISLAMABAD: Federal Board of Revenue (FBR) has issued new valuations of immovable properties in Rawalpindi for determination of income tax on transactions of buying and selling.     The FBR issued new... Read more »

Immovable Properties: FBR issues new valuation table for 339 areas in Peshawar

ISLAMABAD: Federal Board of Revenue (FBR) has issued new valuation table of immovable properties for 339 areas in Peshawar for determination of income tax at the time of transaction of sale and... Read more »

FBR enhances immovable property valuations for Islamabad

ISLAMABAD: Federal Board of Revenue (FBR) on Friday increased the valuation of immovable properties in Islamabad for determination of income tax on transaction of sale/purchase.     The FBR issued SRO 117(I)/2019... Read more »

FBR enhances valuation of immovable properties in Lahore city

ISLAMABAD: Federal Board of Revenue (FBR) has increased valuation of immovable properties in Lahore for determination of income tax on sale/purchase transactions.       The FBR issued SRO 121(I)/2019 on Friday... Read more »

FBR increases valuation by 20pc for Karachi immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has increased valuation by around 20 percent for immovable properties located in Karachi. Read more »

Unreported gains find way to country’s property market: State Bank

KARACHI: A significant share of the unreported gains finds its way to the country’s property market, which is characterized by low regulatory oversight and absence of concrete know-your-customer requirements, State Bank of... Read more »