Lahore Real Estate Forum

Friday, September 4, 2026 03:39 PM
Total Records: 99222   Records Viewed Per Page: 20
(53023)
Saturday, June 2, 2012 03:37 PM PST 

Pakistan Property News : 5 to 10% Capital Gain Tax (CGT) imposed on sale of property



ISLAMABAD: The federal government, through the Finance Bill 2012-13, has imposed 5.0 percent to 10 percent capital gains tax (CGT) on sale of property and 2.0 percent capital value tax (CVT) on immovable properties in the federal capital.

It has reduced turnover tax from 1.0 percent to 0.5 percent; slashed higher rates of 19.5 percent to 22 percent sales tax to 16 percent; eliminated federal excise duty (FED) on 10 items and reduced customs duty from 35 to 30 percent on 293 items.

The Finance Bill 2012-13 released with budget 2012-13 on Friday has proposed that 10 percent CGT would be applicable on sale of property within one year of the date of the accusation of property; 5.0 percent CGT on sale of property within two years and no CGT would be applicable on sale of property beyond two years. The Federal Board of Revenue (FBR) has estimated generation of Rs 1.5 billion through imposition of CGT on sale of property. The CVT on immovable properties is not being levied in Islamabad Capital Territory. It is proposed to levy and collect CVT on transactions of immovable properties in Islamabad with identical structure adopted by the provinces.

The tax rates for passengers as well as goods transport vehicles are proposed to be enhanced for 20 persons or more from Rs 100 to Rs 500 per seat per annum. In case of goods transport and vehicle, the tax rate has been increased from Re 1 to Rs 5 per kilogramme laden weight.

A number of tax relief measures have been taken for the business community as well as general public. In case of business community the rate of minimum tax is proposed to be reduced to 0.5 percent from 1.0 percent on gross turnover. The relief measure would cause revenue loss of Rs 11 billion. The basic exemption limit has been raised for salaried and business individuals to Rs 400,000 and reduced the existing slabs from 17 to five. These concessionary measures will exempt 64,420 taxpayers besides reducing the effective tax rates and providing relief to the entire salaried and business community. The FBR will suffer a revenue loss of Rs 4.5 billion by providing the relief to the salaried class. One of the major documentation measures is that the manufactures have been declared as withholding agents to collect 1.0 percent tax against sales made to traders and distributors. The FBR has estimated to generate Rs 13-14 billion through this particular revenue generation measure.

To give incentive to the taxpayers opting out of Presumptive Tax Regime (PTR) a lower rate of tax is being offered to commercial importers, exporters and suppliers.

According to the Finance Bill 2012-13, the exemption granted to profit and gains to the Venture Capital Company and Venture Capital Fund till 2014 is proposed to be extended for a period of 10 years - up to 2024. It has been observed that the banks invest in capital market and in return dividend received by the banks is taxed at 10 percent. In order to eliminate the tax arbitrage it is proposed that dividend received by banks from money market funds and income funds are to be taxed progressively for a period of two years (for tax year 2013 at 25 percent and for tax year 2014 onwards at 35 percent).

To promote investment in securities and insurance sectors, the limit of investment eligible for tax credit is being enhanced from 15 percent to 20 percent of the taxable income. The existing limit of investment of Rs 500,000 in securities or insurance premium is also being increased to Rs 1,000,000. The retention period of securities is also being reduced from three to one year.

Mixed relief:

* 2% CVT imposed on immovable properties in federal capital; turnover tax reduced from 1 to 0.5%

* Higher rates of 19.5 percent to 22 percent sales tax slashed to 16%

* FED on 10 items eliminated, customs duty reduced from 35 to 30% on 293 items

Salman replied on Saturday, June 2, 2012 04:41 PM PST 

good news!!!!

Now investors will not play with Plots/
files like they do in stock exchange. Every one would be careful and make long term decisions

Ahmed replied on Sunday, June 3, 2012 12:28 AM PST 

I don't thnk short term investor will affect on this tax. Because they will include the tax amount in the selling amount which buyer have to pay. It means property value will be increased.

SI replied on Sunday, June 3, 2012 03:24 AM PST 

But who will judge the profit amount due to some underhand dealing? Also someone may have to sell at loss to meet some urgent need.
Please comment

Lahori Baba replied on Sunday, June 3, 2012 12:23 PM PST 

They always announce these things in budget but never included them in approved budget. Even if they do include in approved budget no problem. Why?

capital gain tax will be paid only on DC values as CVT tax is also paid on DC values today.

For Example:

DC value of DHA phase 9 on kanal is 11 lacs. If they increase DC value in next 2 years to 13 lacs. You will have to pay just 5% on 2 lacs gain if you sell in 2 years. Other words just Rs 10000. BIG DEAL ?

Capital tax will be charged only on DC value as every one will have different price for sale purchase.

Lahori Baba replied on Sunday, June 3, 2012 01:26 PM PST 

BTW I will repeat one of my past post

Property buying selling is not like stocks buying selling. If you want to gamble go to stocks. Property should be bought keeping min 3 years waiting period in mind.

From_Karachi replied on Sunday, June 3, 2012 03:10 PM PST 

And who is going to suffer the most ?

Poor estate agents who run from here to there to strike a deal, make phone calls from their own pockets, fill petrol in their bikes from their own pockets.

Ultimately, the poor are going to suffer here in this sector as well.

Noble, Riyadh replied on Sunday, June 3, 2012 03:21 PM PST 

This is a big summer salt. It used to be like that long time ago and people used to go the registry or affidavit/power of attorney way etc. They will force this part of real estate business to go underound. If you block the way, the water course would divert itself. It is a sensless move.

MAS replied on Sunday, June 3, 2012 07:05 PM PST 

We are talking about "Underhand dealing" i.e. tax evasion or about "Power of Attorney way" or about "serious downward trend" or about finding refuge under "DC Value".

I don't understand why is it such a big deal to pay 10% of income as tax. You are still keeping 90%.

@ SI if you are selling at loss your CG and therefore your CGT will be zero. Relax.
>
(53022)
Saturday, June 2, 2012 03:35 PM PST 
Impact of budget on property market

What would be impact of budget 2012-13 on the property market? I think the upward trend of property price will continue because the budget is deficit by Rs. 1.105 trillion and this will cause hyper inflation and hence there will be increase in prices of almost everything including property.

imran replied on Saturday, June 2, 2012 04:34 PM PST 

as one going to pay tax if he gona sale his property widin 1 year or in two years dats y investors would b out of the property business and
prices will cum down to its actual

Ali Abbas replied on Saturday, June 2, 2012 05:04 PM PST 

if an investor is getting for example 5 lakhs profit i dont think he will stop investing becoz of 25000 of tax on it. n o effect on property
prices
>
(53021)
Saturday, June 2, 2012 02:36 PM PST 
Dha Lahore Phase 8 Plot For Sale June 02,2012

Dha Lahore Phase 8 Plot For Sale June 02,2012

One Kanal Plot For Sale DHA Phase 8 Lahore Near X 755 @ 65 Lac
One Kanal Plot For Sale DHA Phase 8 Lahore Near T 604 @ 65 Lac
One Kanal Plot For Sale DHA Phase 8 Lahore Near V 289 @ 67 Lac
One Kanal Plot For Sale DHA Phase 8 Lahore Near X 564 @ 75 Lac
One Kanal Plot For Sale DHA Phase 8 Lahore Near V 630 @ 20 Lac Own
8 Marla Plot For Sale DHA Phase 8 Lahore Near Y 555 @ 33 Lac Installment
5 Marla Plot For Sale DHA Phase 8 Lahore Near Y 381 @ 23 Lac Installment

2 Marla Sector Shop For Sale DHA Phase 8 Lahore Near V 51 @ 36 Lac Installment

Mian Rashid
03028409967
Lahore Real Estate
Rashid.lahorerealestate@gmail.com
>
(53020)
Saturday, June 2, 2012 01:23 PM PST 
z2 phase 7 plot

hi i have a plot in phase 7 z 2 .its prior number was 1182 but then DHA changed the plot number but still its near that one. whats the price here right now.is there any chance that Z 2 can also go the way of good sectors in near future with price range of 6500000. thank you

Lahore Real Est replied on Saturday, June 2, 2012 09:33 PM PST 

Near Z2 1176 lane can be sold around 39 to 42 depending on
location.

Salman.LahoreRealEstate@Gmail.Com
03004009967
Lahore Real Est
>
(53018)
Saturday, June 2, 2012 03:39 AM PST 

what is the price range of 1K house in X block phase 3 DHA? I have seen a house in st 13 near 489x.kindly guide.thanks for cooperation.need expert advice from lre team,house has 5 bed ,dd etc like all 1k houses,all marble and tiled.almost 8-10 years old.
>
(53017)
Saturday, June 2, 2012 02:46 AM PST 
Capital Gain Tax

would some one describe the detail of Gain Tax in real estate
Sale with in One year 10%
Sale with in 2 years 5%
of what? DC rate or Gain??
How would FBR would know about gain? where as now a days there is no documentation of sale and purchase price on transfer deed.

Khan replied on Saturday, June 2, 2012 08:25 AM PST 

Good question and answer!

Habib replied on Saturday, June 2, 2012 12:17 PM PST 

It is recently imposed in current Budget , People of this forum were waiting for long, if I equate it with stocks where it is already there it is 10% of Difeerence of sale and pucahse price.
still details are waited, I dont know what CBR is going to get out of this , usually there is no gains in one year people sell the property due to some issue only, the real gain is after many years,
That is true also the people voulutarily never disclose the cost in the deal or at time of registration, in that case will gain be calculated on any change of DC rate during that period?
I think we should wait for details that may be availble in one or 2 weeks.
The Only purpose looks that Govt want to crub the quick sale or anticiapes that shot sellers are not real buyers rather traders, what ever the total gain CBR is going to get out of it be only nomial

Ahmed replied on Sunday, June 3, 2012 12:46 AM PST 

If they will consider the valuation of plot based on the Phase/
block wise, i.e. DHA-6 B Block average price is 100 lac, accordingly selling of low price plots in same area will be in advantage.

Onlooker replied on Sunday, June 3, 2012 01:43 AM PST 

Capital gain tax on stocks was introduced more than a year ago. Till today the form to be used as return could not be designed. So CGT on property also seems to be another such scheme with no followup details.
>
(53015)
Saturday, June 2, 2012 12:53 AM PST 
The Best Lahore Real Estate Property Related Discussion Posts

The Best Lahore Real Estate Property Related Discussion Posts are here in LRE Hot Topics



Always check this link as it is one of the best useful Pakistan property related discussions link on LahoreRealEstate.Com

11 million visits were made just to first page of LahoreRealEstate.Com and the LRE Hot Topics contain very informative content for thousands of daily visitors.



https://www.lahorerealesate.com/ads/index.php?command=searchtext&searchstr=LRE+Hot+Topics&submit=Search+All+Discussions

>
(53014)
Friday, June 1, 2012 09:30 PM PST 
Dha Rahber Lahore Phase 1 Plots For Sale June 01, 2012.

Dha Rahber Lahore Phase 1 Plots For Sale June 01, 2012.

Dha Rahber Lahore Phase 1 Plots For Sale Near 10 Marla.
Dha Rahber Lahore Phase 1 Plots For Sale Near 10 Marla

Ready For Construction
Near alternate Route to Raiwind
5 minut drive from Shoukat khanum Hospital

For Best Buying and Selling in DHA Rahaber Phase 1 & Phase 2

Contact Person : Mian Rashid
Cell :03028409967
Phone: 042-111-111-040 & 042-35692420 to 23
Email: LRE786@Gmail.Com

:sh: :sh:
>
(53013)
Friday, June 1, 2012 09:26 PM PST 
State Life Lahore Phase 1 Plots For Sale June 01,2012

State Life Lahore Phase 1 Plots For Sale June 01,2012

State Life Lahore Phase 1 Plots For Sale Block A Near-188 1 K 40.00 Corner
State Life Lahore Phase 1 Plots For Sale Block A Near-72 1 K 41.00
State Life Lahore Phase 1 Plots For Sale Block A Near-115 1 K 43.00 Facing Park
State Life Lahore Phase 1 Plots For Sale Block A Near312 5 Marla 18.50 Corner
State Life Lahore Phase 1 Plots For Sale Block B Near-81 1 K 35.00 Corner
State Life Lahore Phase 1 Plots For Sale Block B Near-55/D 1 K 35.00
State Life Lahore Phase 1 Plots For Sale Block B Near-51/A 1 K 32.00
State Life Lahore Phase 1 Plots For Sale Block C Near-14 1 K 41.00
State Life Lahore Phase 1 Plots For Sale Block D Near-186/G 1 K 30.00
State Life Lahore Phase 1 Plots For Sale Block D Near-221 1 K 32.00
State Life Lahore Phase 1 Plots For Sale Block D Near-205+2061 K 64.00 Pair
State Life Lahore Phase 1 Plots For Sale Block E Near319 1 K 31.00
State Life Lahore Phase 1 Plots For Sale Block E Near-263 1 K 32.50
State Life Lahore Phase 1 Plots For Sale Block F Near-130 10 M 24.50
State Life Lahore Phase 1 Plots For Sale Block F Near-371 10 M 25.00
State Life Lahore Phase 1 Plots For Sale Block G Near-398 10 M 20.00 Corner
State Life Lahore Phase 1 Plots For Sale Block G Near-400 10 M 18.50

State Life Lahore Phase 1 Map https://www.lahorerealesate.com/Maps/State-Life-Lahore-Phase-1-Map.html

Contact Person:Saeed Rafique
Cell: 0322-4333661
Phone: 042-111-111-040 & 042-35692420 to 23
Email: LRE786@Gmail.Com

Web Page: www.LahoreRealEstate.Com


:forsale: :forsale: :forsale:
>
(53012)
Friday, June 1, 2012 09:22 PM PST 
PLOT FOR SALE IN DHA LAHORE PHASE 6 & 7 1-KANAL

DHA Lahore Phase 6 & 7
DHA Lahore Phase 6

One Kanal Plot For Sale Near A 147+148 @225 Lac Pair

One Kanal Plot For Sale Near H 108 @ 104 Lac

One Kanal Plot For Sale Near B 407 @105 Lac

One Kanal Plot For Sale Near C 288 @ 95 Lac

One Kanal Plot For Sale Near C 391 @ 95 Lac

One Kanal Plot For Sale Near F 456 @ 75 Lac

One Kanal Plot For Sale Near F 71 @ 73 Lac Corner

One Kanal Plot For Sale Near D 455@ 80 Lac

DHA LAHORE PHASE 7

One Kanal Plot For Sale Near W 1245@ 64 Lac

One Kanal Plot For Sale Near W 722@70 Lac

One Kanal Plot For Sale Near W 1168@68 Lac

One Kanal Plot For Sale Near U 2020@ 27 Lac 10m

One Kanal Plot For Sale Near T 821 @ 48 Lac

One Kanal Plot For Sale Near Q 1079/1 @ 48 Lac

One Kanal Plot For Sale Near Y 1466 @ 53 Lac

One Kanal Plot For Sale Near Y 1752 @ 46 Lac

Hassan Raza Lahore Real Estate
03028449766
:forsale: :forsale:
>
(53011)
Friday, June 1, 2012 08:30 PM PST 
A commercial plot is for SALE

Ad Type
City
Scheme
Phase
Plot
Size
Road
For Sale
lahore
veenas town
ferozpur road
plot
10 marla
ferozpur r
A Commercial Plot of 10 Marla is for SALE in Veenas Town (Ferozpur Road Lahore). Interested parties contact at:
>
(53009)
Friday, June 1, 2012 06:13 PM PST 

What should be the fair price of a 6 years old, 10 marla corner house in Wapda town E2 blocks, with 4 beds, 2 kitchen, 2 lounge.

Owner of house is asking for 95 lacs. Is it a fair price..?

Aslam Awaan replied on Friday, June 1, 2012 07:07 PM PST 

it should be 85 lacs if house condition is very good and construction is solid.

Aslam Awaan replied on Friday, June 1, 2012 07:08 PM PST 

it should be 85 lacs if house condition is very good and construction is solid.

Jameel replied on Saturday, June 2, 2012 03:22 PM PST 

It all depends upon
location and Condition of house, You shared none of them I think asking price is high. E2 is good Block but location on Back of main or near Boundary matters. I guess the correct worth of house should be about 75. The guess is I can get House in Faisal town in 85 to 80 Lac, and what ever WAPDA town is inferior location than that. Now road structure is owned by LDA and soon you will see disintegration of roads.
How ever Built house cost is calculated like that
Brand new plot Plus construction Cost If A class Multiply covered area by 1500 Rs and add to Plot price
Slightly used or rented for one to 2 years multiply Construction cost worth Factor of 0.75.
6 to 10 years old but good condition Multiply the cost with 0.5 and add plots price.
More older.... all depends on condition , If very old but live able the multiply Construction with 0.25 and add plot price.
If single story and needs renovation very old the almost at plot price.
keep in Mind the plot prices in almost fully built area are "fake", the reason is Plot availability is so little that you have to pay unrealistic price. The buyers of plots in these areas are those who have some compulsion or need.
If You have to buy only in E2 due to some reason then it is different case other wise abundant old houses are there in WAPDA in 75 price
>
(53008)
Friday, June 1, 2012 03:49 PM PST 
State Life Lahore Phase 2 Plots For Sale June 1 2012

State Life Lahore Phase 2 Plots For Sale June 1 2012

State Life Lahore Phase 2 Plots For Sale AA Near-471 1K 10.25.00
State Life Lahore Phase 2 Plots For Sale AA Near-1058 1 K 09.50
State Life Lahore Phase 2 Plots For Sale BB Near-177 1K 10.00
State Life Lahore Phase 2 Plots For Sale BB Near-1459 1K 09.50
State Life Lahore Phase 2 Plots For Sale CC Near-658 1 K 12.00 open
State Life Lahore Phase 2 Plots For Sale CC Near-290 1 K 11.25
State Life Lahore Phase 2 Plots For Sale JJ Near-390 1K 10.50
State Life Lahore Phase 2 Plots For Sale JJ Near-491 1K 10.00
State Life Lahore Phase 2 Plots For Sale EE Near1724 10 M 06.75 open
State Life Lahore Phase 2 Plots For Sale FF Near-418 5 M 05.15 Open
State Life Lahore Phase 2 Plots For Sale FF Near-525 5 M 04.75


Contact Person:Saeed Rafique
Cell: 0322-4333661
Phone: 042-111-111-040 & 042-35692420 to 23
Fax: 042-35729657
Email: LRE786@Gmail.Com
Address: 98-Y Commercial Area, DHA Phase 3, Lahore
Web Page: www.LahoreRealEstate.Com
>
HTML code is disabled   Previous Page   Got to MORE Discussion or Ads on Next Page