I was just thinking about the essence of CGT.
Govt shares 10% of profit, well, that 's ok.
BUT IF One sells a property on LOSS, will govt share 10% of loss as well?? ....lolz
humayun replied on Monday, July 4, 2016 10:25 AM
Dar should answer this question. Genuine question |
Aa replied on Monday, July 4, 2016 11:16 AM
Actually in many tax systems one can carry forward what is known as a capital loss to future years and offset it against capital gains (and to some extent, ordinary income) for tax purposes. Which is kind of similar to what you are proposing. It may make sense for govt to introduce that here. |
Ekrar® replied on Monday, July 4, 2016 11:35 AM
If I buy two properties X at 1 crore and Y at 1 crore.
Now in a year time, I sell X at 1.1 crore and Y at 0.9 crore, the net Capital gain for me is 0. So I should not be paying any tax in such a case...But here? |
Anjum replied on Monday, July 4, 2016 11:41 AM
U can adjust the loss in 5 years like stock |
Password had spaces replied on Monday, July 4, 2016 12:52 PM
Catagory A evaluatores list of SBP.
Annexure A (i)
Category A
S.No Valuer Name Limit per transaction (million)
1 K G Traders (Pvt.) Ltd. Any Amount
2 Materials & Design Services (Pvt.) Ltd. Any Amount
3 Harvester Services (Pvt.) Ltd. Any Amount
4 National Project Managers (Pvt.) Ltd. Any Amount
5 F K S Building Services Any Amount
6 Asif Associates (Pvt.) Ltd. Any Amount
7 Arch-E'-Decon Any Amount
8 Yunus Mirza & Co. Any Amount
9 Oriental Engineering Services Any Amount
10 International Design Group Any Amount
11 Asrem (Pvt.) Ltd. Any Amount
12 Star Tech Consultants Any Amount
13 Sipra & Company (Pvt.) Ltd. Any Amount
14 Joseph Lobo (Pvt.) Ltd. Any Amount
15 Indus Surveyors (Pvt.) Ltd. Any Amount
16 Mughal Associates Any Amount
17 M Y K Associates (Pvt.) Ltd. Any Amount
18 Nayyar Hameed Associates Any Amount
19 Hamid Mukhtar & Co. (Pvt.) Ltd. Any Amount
Category B evaluators list
Annexure A (ii)
Category B
S.no Valuer Name Limit per transaction (million)
1 Iqbal A. Nanjee & Co. (Pvt.) Ltd. 1500
2 Anjum Adil & Associates 1500
3 Oceanic Surveyors (Pvt.) Ltd. 1500
4 Impulse (Pvt.) Ltd. 1500
5 United Architects 1500
6 A S Consultants 1500
7 Industrial Consultants & Machinery Linkers 1500
8 Protectors 1500
9 Danish Enterprises & Construction 1500
10 Al-Noor Consultants & Evaluators 1500
11 B F A (Pvt.) Ltd. 1500
12 Pee Dee & Associates 1500
13 Gandhara Consultants (Pvt.) Ltd. 1500
14 Surval 1500
15 Amir Evaluators & Consultants 1500
16 R B S Associates (Pvt.) Ltd. 1500
17 Design Crafts 1500
18 Unicorn International Surveyors 1500
19 Shami Associates and Builders Pvt. Ltd. 1500
20 Sardar Enterprises 1500
21 Excel Enterprise 1500
22 Engineering Pakistan International (Pvt.) Ltd. 1500
23 Sadruddin Associates (Pvt.) Ltd. 1500
24 A E Z Engineering Consultants 1500
25 Gulf Consultants 1500
26 Zafar Iqbal & Company 1500
27 Tracom (Pvt.) Ltd. 1500
28 M J Surveyors (Pvt.) Ltd. 1500
29 Arch Lattice 1500
30 Creative Consultants & Construction 1500
31 W W Engineering Services (Pvt.) Ltd. 1500
32 Qadri Associates 1500
33 Osam Consultants Engineers 1500
34 Mujeeb-Ur-Rehman Associates 1500
35 Jasper & Jasper 1500
36 M Iqbal & Associates 1500
37 Muhammad Siddique Associates (Pvt.) Ltd. 1500
38 Dimensions 1500
S.no Valuer Name Limit per transaction (million)
39 Sohail Associates 1500
40 Pakistan Inspection Company Pvt. Ltd. 1500
41 Mark Iv (Pvt.) Ltd 1500
42 Smasco 1500
43 Ali & Ali 1500
44 Tri Star International (Pvt.) Ltd. 1500
45 Medallion Services (Pvt.) Ltd. 1500
46 Imtech Pvt Ltd 1500
47 Empire Enterprises (Pvt.) Ltd. 1500
48 Al-Wazzan Associates (Pvt.) Ltd. 1500
49 Arif Evaluators 1500
50 S A Associates 1500
51 S A M A Engineers Associates 1500
52 Saleh Saleem & Associates 1500
53 I.C.E.M. Engineering Services 1500
54 H.N. Surveyors & Evaluators (Pvt) Ltd. 1500
55 Eastern Consultants (Pvt.) Ltd. 1500
56 A W & Company (Pvt) Ltd. 1500
57 Madadgar 1500
58 Credit & Commerce Consultants (Pvt.) Ltd 1500
59 A-1 Warda Engineering Services 1500
Category C evaluators list
Category C
S.no Valuer Name Limit per transaction (million)
1 Colliers International Pakistan (Pvt.) Ltd. 500
2 Professional Associates 500
3 Akbani & Javed Associates 500
4 Spectrum Services (Pvt.) Ltd. 500
5 S S D Associate 500
6 J & M Associates 500
7 Evaluation Focused Consulting 500
8 Construction Management Services 500
9 Axis Consultants (Smc-Pvt.) Ltd. 500
10 F A B Engineers 500
11 Tajik Builders 500
12 M I N A C O 500
13 Luckyhiya Associates (Pvt) Ltd. 500
14 Sakina Enterprises 500
15 Matco Consultants (Pvt) Ltd. 500
16 Rizvi Associates (Pvt.) Ltd. 500
17 Design Group 500
18 Progressive Architects & Engineers 500
19 Anderson Consulting (Pvt.) Ltd. 500
20 M A T C O V Engineering & Management (Pvt.) Ltd. 500
21 Uppal Associates 500
22 Tech Inn Consultants 500
23 J N K Enterprises (Pvt.) Ltd. 500
24 Ghaffar Associate Engineers 500
25 Khan Engineers & Evaluators 500
26 Perfect Consultants 500
27 Associated Engineering Group 500
28 Taamir Associates 500 |
Khawaja Qasim® replied on Monday, July 4, 2016 02:09 PM
@Ekrar, exactly the same question came to my mind :) the government should share loss too!
But I think Anjum has a point we can adjust this loss with other property with gains.
I think we should keep track of all withholding tax from now on means withholding tax paid on Cell phone bill (mobile companies if requested can give you the letter indicating how much withholding is deduced for a year), withholding deducted from bank transactions!
Most importantly the withholding deducted on property purchase that is a lot of money the same money can be used to adjust the CGT. |
