---

میرے پیارے بھائیوں ۔ میں آپ کی آسانی کے لئے مسئلہ بیان کر دیتا ہوں اور امید کرتا ہوں کہ آپ سب تسلی بخش جواب دیں گے ۔ فرض کر لیتے ہیں کہ ایک پلاٹ کی ایف ۔ بی ۔ آر قیمت پچاس لاکھ روپے ہے۔ اور میں ایک فائلر خریدار ہو۔ میں اس پلاٹ کی اصل قیمت ایک کروڑ ادا کرتا ہوں اور اس کے علاوہ 3 فیصد سٹیمپ ڈیوٹی، 2 فیصد سی وی ٹی ، وید ہولڈنگ ٹیکس اعشاریہ 3 فیصد اور ایڈوانس ٹیکس اور 1 فیصد ایجنٹ فیس اور اوسط سوسائٹی فیس ایک لاکھ کے ساتھ میری کل لاگت ایک کروڑ چھ سے ساتھ لاکھ کے درمیان رہے گی۔یہاں تک معاملہ بہت سیدھا ہے اور سمجھ آتا ہے۔ اصل مسئلہ اب شروع ہوتا ہے۔ ابھی ایک سال کا عرصہ نہیں گزرتا لیکن ضرورت کے تحت میں پلاٹ ایک کروڑ پچیس لاکھ کا بیچ دیتا ہو۔ اب گر میں  ایف ۔ بی ۔ آر قیمت پر رہتا ہوں تو مجھے اعشاریہ 3 فیصد وید ہولڈنگ ٹیکس ، 2 فیصد ایڈوانس ٹیکس اور ایجنٹ فیس اور اگر سوسائٹی کا خرچہ ہے تو کل ایک اور دو لاکھ سے زیادہ نہیں ادا کرنا پڑے گا ۔ سفر کے اخراجات اور نئے پلاٹ کی مٹھائی ملا کر آپ کل لاگت ایک کروڑ دس لاکھ فرض کر سکتے ہو ۔ اور منافع 15 لاکھ۔ کیونکہ پلاٹ میں ایک سال کے  عرصے کے اندر بیچا اس لئے ایف بی آر قیمت بھی نہ بدلی اور میں نے 10 فیصد گین ٹیکس بھی نہ ادا کیا۔ لیکن اب مشکل یہ ہے جو قیمت میں نے پچاس لاکھ سے اوپر حاصل کی وہ بنتی ہے 75 لاکھ۔ جو اصل میں تو حلال تھی مگر اب بن گئی حرام ۔ اور کچھ بعید نہیں ایف بی آر نوٹس بھیج کر اس کا ذریعہ بھی پوچھے۔ اب اگر میں اس کو حلال کرنا چاہتا ہوں تو مجھے اصل فروخت قیمت بتانا پڑے گی اور 75 لاکھ منافع میں سے 7 لاکھ پچاس ہزار ٹیکس ادا کرنا ہوگا ۔ یعنی میرا منافع ہو گیا ایف بی آر کی نظر اور میرے حصے آئی خواری اور مٹھائی ۔ اور اگر میں جائز بات کرتا تو میں شروع سے ہی اصل قیمت خرید ظاہر کرتا۔ اب تھوڑی دیر اور فرض کر لیں کہ میں نے بیچتے وقت اصل قیمت ظاہر کردی کیونکر میں کسی مسئلہ میں نہیں الجھنا چاہتا ۔ اب جو نیا خریدار ہو گا اس کے لئے سب سے پہلے جو مرحلہ درپیش ہوگا اس نے ایک کروڑ پچیس لاکھ کا ذریعہ معاش ثابت کرنا ہو گا ۔ باقی اس پر ٹیکس کس طرح لاگو ہو گے اور نئے سال ایف بی آر اس کو کس طرح قیمتوں کے تعین میں مثال بنائے گا ۔ یہ میں آپ پر چھوڑتا ہوں ۔ ہاں یاد رہے اسحاق ڈار نے قیمتوں کا تعین ایف بی آر کو دیا ہے۔ ان کو سب اندازے تھے ۔ یہ کوئی بچے نہیں تھے۔

Someone brief

---

40 lac limit only for witholding tax or for capital gain tax too ??cvt and stamp will be on new dc rates buyer ??
Gain tax , witholding tax will be on fbr evaluation for seller ??
How people will come to know fbr evaluated rate ?? And dealer will follow there rates or fbr evaluation ??
Also want to konw what will be procedure of buying and selling for filer and non filer ?? Someone give example covering cvt , stamp for buyer on other end gain and other tax for seller in one story .
How I can become filer with no job no business but a million rs from forfather property , also someone tell which taxs are returnable for filer from property at end of year ?? Jaxak AllH khair

Is it okay?

---

What Tribune Express says.
http://tribune.com.pk/story/1152782/real-estate-sector-handed-tax-amnesty/

Sale after value addition

---

My apologies if a repeat question, I have missed a lot on tax. wanted to ask if I buy a plot today 50 lac, construct house in 1 year, sell after construction 2nd year. what will be the formula of tax please. apologies again if already explained.

Current Tax Rates

---

Jameel Mughal Sb, Please make corrections if required.

Buyer (Filer and Non-Filer both)
Stamp duty 3% on dc rate
CVT 2% on dc rate

Buyer (Non-filer)
WHT tax 0.6% on valuation price
Advance tax 4% on valuation price

Buyer (Filer)
WHT tax 0.3% and Advance tax 2% on valuation price

Seller (Non-filer)
WHT 0.6% of valuation price
Advance tax 4% of valuation price

Seller (Filer)
WHT 0.3% of valuation price
Advance tax 2% of valuation price

CGT (Filer)
10% first yr sale
7.5% second yr sale
5% third yr sale
0% after 3 yr sale

CGT (Non-filer): 0%

DHA PRISM 9

---

I think now prism 9 again all set for gain massively after limit increased from 30 to 40 lac threshold yesterday as rate for prism will be less than 40 lac and LRR is going to complete on 14th August 2017.

New DC value of Capital Gain

---

I have a question please correct me if I am wrong

New DC value will be 200-300% more so FOR EXAMPLE if DC value was 7 lac now it will be 21 lac.
Market Value of plot is 50 lac.

So there wont be any capital gain as even New DC value will be under 40lac

Am I right please advice.

Regards

Short term investor will shift to 5 marla

---

With the new tax amendments, basic threshold of Rs 3 million for the application of withholding tax on the purchase of immovable property has been enhanced to Rs 4 million. Any transaction within one year will be subject to 10% gains tax above the threshold.

This means 5 Marla plots will be new turf of short term trading and their prices will be jacked up. This will be disadvantageous to smaller property buyers to build house. But as soon as it reached to 4 million then is the level playing field because it has entered into tax limit. By hitting 4 million threshold will have lost the advantage of being CGT free and may lost interest with short term traders.

---

Dear All,
Can anyone clarify pls
If I buy a property today, the new fair value FBR rate will apply. I sell the same property next month, since the FBR rate will remain the same, how will the gain be calculated in order to calculate capital gain tax?

---

Dear Lahore Team,

please estimate the value of phase 8 s block plot 535 .

Thanks

Impact on prices

---

Dear CMY and experts on this forum

Thanks for all the efforts and updates

What will be the impact of increase in fair market value in short and long term on high priced properties especially Commercial plots in phase 9 Prism ....

Any comments ?

Thx

Market news CMY thank you

---

Very good outcome. I had many friends on fence who want to buy as
1 transparency. We know what to pay at
2 all old transactions are safe older then 3 yrs
3 rates are reasonable as 5% by 3rd yr
4 Lahore is getting so much infrastructure mega projects so paying tax on profit is fair and it is reasonable
5. This is on gains if next year rate up only then you will give tax of your gain. It is not flat tax.
6. Less then 40 lacs all 5 Marla plots big gainers. Sell and buy them as much as you want.
7. Now all transactions will be transparent no state bank values
8. I listened Ishaq Dar conference and frankly I dint imagined they will give in that much and that soon.
9. Over all neat clean and transparent development
10. Investors want clarity and they got. Rest tax on gains all over the world ppl pay lot higher then this
11. London you pay 28%. Canada where I am 25%.
12. Thanks to Allah

---

I have just uploaded new and full video with all details about taxes. Please watch this important video to fully understand how the new taxes will be imposed.

https://youtu.be/vsyNEvoTNHg

Please also note capital gains tax will be charged as per Fair Value Chart made by FBR with property dealers suggestions which is almost 200 to 300% higher than the present DC rates in 21 cities of Pakistan.

You will pay capital gains tax on profit amounts only when you will file tax returns and profits amount subjected to gains tax will be after deductions of your property transfer fees and dealers commissions etc.


But since its a provincial matter to set own DC rates CVT/Stamp duty will be charged on provincial DC rates which are also being increased by 35 % in Punjab on average from last years DC rates. It is understand able increase as property in Lahore have almost doubled since last in most projects.



I strongly suggest and request all dealers buyers sellers to use FBR market rates table in their sale deeds. Must tell your dealers to write only FBR market value in sale deed and pay order should be made only for that amount even if actual price is higher or lower. (Text me on Whatsapp to know the impact and great benefit / reason of this suggestion)

Choudry Mujahid Yasin ( CMY )
Please do me a favor do save my both phone numbers on your phone contacts list + & +

Phase 8 S Block

---

It appears there has been a big jump in the value for S-Block, Phase 8.
Is this true and why is it so?

---

#Tax Alert

Finance Division

Press Release

July 30, 2016

On the issue of Valuation of Property and related tax matters, the Federal Minister for Finance held successful talks with the property evaluators from all over the country at the Federal Board of Revenue on late Saturday evening. The main points of this discussion as agreed are:

· Valuation has been agreed for major cities

· Valuation tables will be notified by FBR instead of valuation by SBP approved valuers

· Till such time and for those areas for which no valuation tables are notified, DC rate will apply

· Holding period for CGT(capital gain tax) has been reduced from 5 to 3 years

· There will be no CGT on property held for more than 3 years

· Properties acquired on or after 1st July 2016:

o If holding period is up to 1 year - CGT 10%

o If holding period is between 1 and 2 years - CGT 7.5%

o If holding period is between 2 and 3 years - CGT 5%

o If holding period is more than 3 years - CGT 0% / exempt

· Properties acquired before 1st July 2016:

o If holding period is less than 3 years - CGT 5%

o If holding period is more than 3 years - CGT 0% / exempt

· Valuation will apply on (i) CGT (ii) withholding taxes (iii) for the purposes of sec 111

· Basic threshold of Rs 3 million for application of withholding tax on purchase of immovable property enhanced to Rs 4 milllion

· Appropriate legislation will be done to give effect to the proposed changes as agreed with all stakeholders

---

please evaluate price for DHA Phase 7, near W975. Thanks!

---

please evaluate price for DHA Phase 7, near W975. Thanks!

"Generosity"

---

Other than Tax I like to share an interesting experience in Past.

Looking at my interest in property many many of my friends and relatives get advices, In Feb 2014 One of my close relative was interested in Buying land for house and gave me the task, Looking at his financial Condition and available funds I searched for him a property on Gt Road near interchange in 1.33 Lac/merla, It was Just 0.7 KM away from Gt road. I told him that price is great and I will add 50% of Total value as Good Will, You Just arrange 50% and Buy it. I could have Contributed all but I wanted to see his interest. After some reflections he thought he should not go for that and on advice of his father in Law invested in Gold.
After 2 years the area was nicely developed and few houses were there price gone to 4 to 5 Per merla in worst Locations. At the same time he lost about 30% in Gold Value.
Now i feel Sorry More than him.
Lesson is people with so many reflections and Doubts cant be property investors no matter how cheap it will be.

---

Brothers AOA , I need to know exact tax on my plot in Phase 7 which I sold for 160.75 ( no commission ) . Transfer is next Wednesday .
I am least interested in CGT , Hi tea , Black tea ..bus bhai ye bata do tax kitna aur pocket mein kitne

---

Dha 9 prism ki F phase ki possession kab tak milay ghi house built krnay kro liay.