CGT on immovable properties reduced by 50 percent

ISLAMABAD: The capital gain tax on (CGT) disposal of immovable properties has been reduced by 50 percent in order to promote investment in construction industry. According to Deloitte Yousuf Adil, Chartered Accountants,... Read more »

Tax collection from property purchase falls amid FBR action against black money

KARACHI: The collection of withholding tax on purchase of immovable properties fell by 12 percent owing to fall in prices after slowdown in economy and enforcement of legal provisions by Federal Board... Read more »

Immovable property purchase made mandatory through banking channel

KARACHI: Tax authorities have said that payment for purchase of immovable properties above Rs5 million is mandatory to be paid through banking channel. Read more »

Source of money for immovable property purchase may be questioned

KARACHI: Federal Board of Revenue (FBR) has said that a commissioner of Inland Revenue has been empowered to ask source of money used for purchase of immovable properties under legal provisions related... Read more »

FBR takes action against non-compliant return filers owned immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) shall take penal action against persons who owned immovable property and remained non-compliant with filing of income tax returns. Read more »

Values of immovable properties may be enhanced to prevent money laundering

KARACHI: Federal Board of Revenue (FBR) may increase valuation of immovable properties in order to prevent money laundering in the real estate sector. Read more »

Law passed for speedy transfer of immovable properties

ISLAMABAD: The Senate on Monday approved an important legislation to facilitate the speedy transfer of movable and immovable property of the deceased, to the legal heirs. Read more »

FBR gets information of buyers, sellers of immovable properties

KARACHI: Federal Board of Revenue (FBR) has received information of buyers and sellers of immovable properties during the period July – December 2019, sources said. Read more »

FBR monitors immovable property transactions to enforce fair market values

KARACHI: Federal Board of Revenue (FBR) is monitoring transactions of immovable properties to check sales and purchases on fair market value, sources told Read more »

Sales tax rates for services rendered on sale, purchase of immovable properties

KARACHI: Sindh Revenue Board (SRB) has issued sales tax rate for service provided on sale and purchase of immovable properties within the province. Read more »