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 to revise upward the valuation of immovable properties in various areas of Lahore city.

The FBR has increased the valuation of immovable properties by 20 percent in order to generate sizeable revenue from such transactions.

The revenue body issued new valuation by in supersession of its notification No. SRO 673(I)/2016 dated August 02, 2016.

The new FBR valuation of immovable properties for Lahore city can be downloaded here.

The old FBR valuation of immovable properties for Lahore city can be downloaded here.

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