Dear Friends Aoa ,
Its not that I am an agent of DHA Peshawar but I spoke to army friends and dealers there . The dealers are of the view that whatever taxes are imposed are to be borne by Purchaser and file price increases as per routine . They seemed less bothered by taxes .
Here in Lahore market is too much scared . Its not that simple FBR has no clear cut policy . Very soon there will be a writ in High Court and stay orders ..So no need to panic .AUR AGAR TAXES BHARTE HEIN TO LET THE WHOLE MARKET INCREASE ..I was in Norway some years ago and they have huge taxes still property market was booming . Chill
Arif M® replied on Thursday, June 30, 2016 06:34 AM
walaikum salam, Peshawar may be good market but it does not have much appeal here as Transfers not possible in lahore. Security perception not good about peshawar so Punjab based people/dealers will not like to go peshawar peshawar for sale purchase.
Regarding tax, How do you think it is a good sign for property trading if buyer has to pay 18 lac taxes on purchase of 1 crore plot. Jis buyer ne investment ka soch k lena h us ne b expected returns calculate krnay hein. After these taxes returns will be greatly reduced and will be almost nil for 1-1.5 year investment. As a result, investment inflow will decrease which means less demand - while supply is same or increasing. What happens after is simple economics of demand n supply. |
Ahmad786® replied on Thursday, June 30, 2016 07:27 AM
Ideally CGT is implemented on gains only. This is implemented in stock market. If i earn 100,000 profit then i have to pay 12000 Rs as CGT. If government is serious than CGT should be implemented in it true sense. i.e on profit and no one will mind that. You cant take tax on actual amount and call it Capital Gain Tax. I hope things will get clear in a month |
