Property Tax News 2019 Updates Government lifted up the restriction of 5 Million on purchasing of property by non filers.
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capital gains tax to be taxed like income tax. So if you made a profit of 50 Laks you will have to pay around 30% tax on it like 15 laks or so.
Capital Gain tax upto 10 years is totally unexpected and unacceptable, The Whole purpose looks that Govt want people to Look around for other options, I totally agree for that but there is no safe investment for overseas other Property buying in reputed societies like DHA,
Government has very cleverly enhanced fbr vauation rates to 85% of Market value and on the same way has reduced advance tax. This means govt will still be getting atleast the same tax where as imposing 10 year means people will lose interest in buying plots and only end user will buy. In other words, the prices of low sized houses will increase.
Chohan Estate (Dha Authorized Company) Buy/Sell/Rent Property/House, in Dha Lahore, Call Faraz 0321-4000646 For Property Rates Check http://DhaRealEstate.pk