Published on: The Punjab Government has taken a significant step to create a more favorable real estate environment by lowering the stamp duty on property transactions. Strategically, the government has reduced the stamp duty from the previous 2% of the DC (District Collector) value of properties to a much lower rate of 1%. This adjustment now aligns the stamp duty with the DC value, marking a...
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The Senate Standing Committee on Finance, Revenue, and Economic Affairs has recommended the Federal Board of Revenue (FBR) to revoke the recently issued SRO with regard to the revised valuation of immovable properties. The meeting of the Senate Standing Committee on Finance, Revenue, and Economic Affairs was held under the Chairmanship of Senator Talha Mehmood at Parliament House....
DHA Lahore Revised Schedule Charges DHA Lahore has announced a new DHA Lahore Revised Schedule Charges , increasing Transfer fees of all Phases and other charges which will be valid after 1st December 2021 . We will keep you updated about any more changes in the charges in times to come. DHA Lahore Revised Transfer Fee Schedule w.e.f 1st December...
A separate block of taxation of capital gain on the sale of immoveable property is available under the Ordinance. The gain arising on the disposal of immovable property for more than 4 years, is not taxable. The capital gain arising on the disposal of immovable properties is taxable to extent of 100%, 75%, 50% and 25%, if property is sold within 1, 2, 3 and 4 years respectively. The gain so...
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