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 to notify the new valuation of immovable properties in the capital city of Pakistan.
The valuation table has been revised upward to generate sizeable revenue for transaction of immovable properties.
The new valuation table has been issued in supersession of notification No. SRO 672(I)/2016 dated August 02, 2016.
Download new valuation table of immovable properties in Islamabad
Download old valuation table of immovable properties in Islamabad
One thought on “FBR enhances immovable property valuations for Islamabad”
Black money will immidiately trapped and no new injection will be in market. This will surely give shocks to real estate market to decline for geniyne buyers. How can an investor with multiple names account can give his proof of income above 40lac when he will go to purchase a 2 crore house.
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