As per new tax rules, CGT will be valued at market price of property only which will be collected by federal government. While stamp duty and CVT will be charged at DC rate by provincial government. So chill and don't worry much. It will be cleared in coming days.
Ahmad786® replied on Thursday, June 30, 2016 09:09 AM
Means tax on market value but if government buys then DC Rate :) |
Qaisar® replied on Thursday, June 30, 2016 09:36 AM
Can FBR through State Bank (both federal entities) evaluate and collect taxes in provinces in light of 18th amendment. Is it not the case of federal government meddling in provincial affairs? This new tax law could get struck down by the courts. |
AHMAD HASSAN® replied on Thursday, June 30, 2016 09:58 AM
Although there is no price update today, but I heard that Multan is up 1 lac today & again short. People holding to sell after Eid. New tax law will not impact Multan files, most likely investors will money money to Multan & Bahawalpur project. |
Ahg replied on Thursday, June 30, 2016 10:06 AM
THERE IS NO PLACE ON EARTH WHERE U MAKE 100% PROFIT IN 2 YEQRS AND DONT PAY ANY TAXES....
THIS IS GOOD FOR LONG TERM MARKET AND GENUINE INESTORS..MORE TAXES MEAN LESS SPECULATION... PRICES WILL RISE IF ANY THING AS U CAN COUNT NOW SELLERS TAX also in the price .... |
Bilal replied on Thursday, June 30, 2016 12:12 PM
Please clarify... If I sell a plot worth 6 million, how much will I be taxed if I bought it at 4.5 million? Under the new taX rules. |
Ahmad786® replied on Thursday, June 30, 2016 09:09 PM
1.5 lacks |
