Latest Property Tax News Updates FBR reduces valuations of immovable properties in six major cities
FBR reduces valuations of immovable properties in six major cities
January 13, 2018 Inland Revenue
ISLAMABAD: Federal Board of Revenue (FBR) has announced massive reduction in values of immovable properties located in six major cities of the country for determination of withholding tax and capital gain tax.
In six different SROs issued on Thursday, the FBR notified reduced valuations of immovable properties in Peshawar, Faisalabad, Lahore, Karachi, Rawalpindi and Islamabad.
The valuations have been reduced for both residential and industrial open and constructed plots located in these cities.
The FBR issued amended rates through notifications included: SRO 15(I)/2018 – Peshawar; SRO 16(I)/2018 – Faisalabad; SRO 17(I)/2018 – Lahore; SRO 18(I)/2018 – Karachi; SRO 19(I)/2018 – Rawalpindi; and SRO 20(I)/2018 – Islamabad.
This will reduce transfer and transection costs dramatically and will energise properties markets in all these cities
Buy Sell Property Plot House File Dha Lahore Gujranwala Multan Bahawalpur Peshawar & Gwadar Contact Faraz 0321-4000646 Islam Estate ® For Property Rates Updates visit www.DhaRealEstate.pk
Buy/Sell/Rent Property House in Dha Lahore Contact Faraz 0321-4000646 ISLAM Estate (Dha Authorized Company) For Property Rates Check http://DhaRealEstate.pk