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FBR will determine value of property,

(102782)
   Abdullah®
Wednesday, June 15, 2016 03:36 AM 
Reply: >
Sad news for investors :(
http://e.dunya.com.pk/detail.php?date=&edition=LHR&id=
Opinion replied on Wednesday, June 15, 2016 04:52 AM 

Sad news. Means in future if this law is approved then buyer has to pay more transfer charges. What will be the overall effect on property prices, buying etc if this rule is approved in future and FBR will determine and calculate the actual market value of property rather than old DC rate. Thanks.
Noman Ahmed replied on Wednesday, June 15, 2016 04:57 AM 

More power more corruption. Government will get the same tax but FBR officers would be rich
User_16051® replied on Wednesday, June 15, 2016 05:25 AM 

Very sad
KK® replied on Wednesday, June 15, 2016 06:02 AM 

It will increase property tax as well..FBR officers will become rich but govt will get same. overseas will stop sending remittances which goes to property as they cant set up factory or other business while living abroad. Now they will invest somewhere else.

Sorry to say but our country is being ruled by jerks.
Bilal® replied on Wednesday, June 15, 2016 06:37 AM 

Even if we pay heavy taxes for the benefit of our country, the ruler elite will not give any benefit to the nation. They will make black money from metro like projects and send money outside of the country.

At the end, people will move their investment to Dubai etc.
S.Hameed® replied on Wednesday, June 15, 2016 07:09 AM 

This decision will only increase corruption in FBR and create unnecessary hassles for the public.

Govt. can revaluate the DC value of a housing society instead of accessing the price of each and every plot.

Unfortunately, this has been a specialized characteristics of Pakistan Govt. to make life of people difficult and create unnecessary hurdles.
User_12596® replied on Wednesday, June 15, 2016 07:19 AM 

it will create more problem to end users,prices will be increase and common person will be suffer, Patwari sher aya sher aya,sick noora group
kam replied on Wednesday, June 15, 2016 07:19 AM 

it will create more problem to end users,prices will be increase and common person will be suffer, Patwari sher aya sher aya,sick noora group
Noman Ahmed replied on Wednesday, June 15, 2016 07:32 AM 

Mostly the people who are authorized in government matters are behind such proposals and they know that there will be huge chunk of money in property assessments. Assessment for each property would depend upon butter on the bread. High ups in the government are not so stupid they will also get lions share. Money would be asked for the time and assessment value both because both are important in property business.
raise your voices replied on Wednesday, June 15, 2016 07:59 AM 

Time to topple Down Noora league Govt. InshaAllah
SIM replied on Wednesday, June 15, 2016 10:01 AM 

It can have a very negative impact on remittance, if property business declines.
User_9325® replied on Wednesday, June 15, 2016 10:53 AM 

Money will go into stock market which is even more speculative or outside to dubai etc
Real Estate is best replied on Wednesday, June 15, 2016 10:59 AM 

@User 9325. Dear usually people earn in stock market and when they pull out they invest in property. property ka paise stocks may generally log nahe lagate as stocks are highly volatile. Govt is greedy and they just want to kill real estate sector
Real Estate is best replied on Wednesday, June 15, 2016 11:01 AM 

Anyhow yeh move govt kay taboot may akhri keel ka kaam kare ge
FBR is corrupt replied on Wednesday, June 15, 2016 11:34 AM 

Orange train ki zad may anay wali properties ko DC rate par acquire kia aur tax lanay k lia market value ka andaza karne k lia FRB jese bhookay kutay ko laga rahay hain
Hussain replied on Wednesday, June 15, 2016 11:51 AM 

Has this been formally approved or just a proposal yet?
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