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i dont know why people are so happy,

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   doctor
Sunday, July 31, 2016 09:27 PM 
Reply: >
I dont understand why people are so happy with the deal .

actually, its a big win for Govt. they made all stake holders/ so called dumb negotiators fool !!

very good tactics by GOVT here , all dumb neogatiors had no clue .

GOVT achieved huge deal with inc the Fair Market value and inc time frame to 3 years

Where is the win here for Stake holders ??/
Tahir Islam Bokhari replied on Sunday, July 31, 2016 09:59 PM 

Dear Doctor Sb,

Its really a winning situation for the investors under the current situation.

Fair Market Value is better for you as a tax payer rather than current DC Rates. You would not pay any Gain Tax if you buy and sell s property in the same financial year as Fair Market Value will remain the same. Gain Tax is imposed on the difference between Purchase and Sale Prices.

But if you wish to maintain DC Rates, then more of your white money will become black as you would be posing to buy and sell your property at (less) DC Rates rather than Fair Market Rate.

The real issue is not the New Tax Rates, as they would not make much difference as compared to Previous Tax Rates. But the real issue is the confusion among investors regarding additional amount of tax they would have to pay in a single property transaction.

Fortunately, the new agreement with Govt. has cleared the dust, and the situation remained almost the same with just a little more taxes.

But unfortunately, due to ill informed discussions by some of the members is maintaining and creating further confusion. I would request my friends to avoid adding confusion based on assumptions and unfounded apprehensions.
MIT® replied on Sunday, July 31, 2016 10:49 PM 

@'doctor' I do value your opinion but what is holding you not registering yourself because who knows who is who; anyone can.......
Goraya replied on Sunday, July 31, 2016 11:50 PM 

@Tahir Islam Bokhari. Thanks for your fair assessment. Hopefully, people who want confusion to persist till general election, will get guidance.
Doctor replied on Monday, August 1, 2016 12:43 AM 

Well said Tahir Bokhari !!

It helps clear my confusions too
HassanHC® replied on Monday, August 1, 2016 12:58 AM 

Yes ppl want clarity rest in Pakistan ppl have money they just don't want to deal with grey area and human intervention. Still Pakistan real estate has given ver good returns and has lots of opportunities. Every one will get level playing field no ambiguity and long term investor and short term trader who sells within one year will be happy with the outcome.
Jahanzeb Saleem replied on Monday, August 1, 2016 01:33 AM 

I agree with Mr.Bokhari views as now investor has to pay some additional amount in the form of taxes but will be able to convert less of money into black money due to introduction of Fair Market Values.In my opinion much of the dust has been settled and normal business activity will be started from today as the govt is avoiding any further delays. So friends lets move on and dispel misconceptions and hasty conclusions.
Tahir Islam Bokhari replied on Monday, August 1, 2016 08:02 AM 

Thanks brothers for your supporting comments. I would encourage people in this forum to try understanding the situation, which is actually quite positive.

The problem is actually the unfounded and ill-informed negative remarks, and in fact sentiments of the people are far more important than a very little/negligible increase in tax rates.
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