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Niya Punga even for DHA plots,

(104899)
   User_15051®
Thursday, August 11, 2016 06:43 AM 
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Password Improperly Used 9192 replied on Thursday, August 11, 2016 06:51 AM 

Is this a Procedure to Collect Tax on Vacant Plots?
Imran6211® replied on Thursday, August 11, 2016 06:51 AM 

Is this a Procedure to Collect Tax on Vacant Plots?
Real Estate is best replied on Thursday, August 11, 2016 07:12 AM 

This is called yellow journalism. To spread unnecessary panic. Actual news is that Govt has imposed tax which is 1000/per per annum on those plots where possession have been given more than 2 years ago.
again plots with no possession will pick up.
AHMAD HASSAN® replied on Thursday, August 11, 2016 07:13 AM 

It's just like NDC certificate before selling plot. That means one has to clear his dues before selling property. This is clear message for those who linked with sector that find a new job.
Real Estate is best replied on Thursday, August 11, 2016 07:13 AM 

1000/marla*
AHMAD HASSAN® replied on Thursday, August 11, 2016 07:15 AM 

If it is 1000/marla per anum, still acceptable.
Real Estate is best replied on Thursday, August 11, 2016 07:17 AM 

yes it is
Real Estate is best replied on Thursday, August 11, 2016 07:29 AM 

@AHMAD HASSAN, bro there are taxes on each and every sector here, Then should people linked with textile sector,Automobile sector, hospitality sector, transport sector, import export sector, trading sector etc also find a new job?
Why tax on real estate sector is so much hyped alone?
AHMAD HASSAN® replied on Thursday, August 11, 2016 08:36 AM 

Taxes are good. Since this thing is new in this sector people only talk about impact, pros & cons. We also can't compare with other business as mostly related to consumers as well as tax salaries. Property tax on building is already there, either one is living there or one renting out. Both cases it is justified. Property tax on empty plots is new and I don't ve idea that how market will react on it. Let me put an example of my one of plot where price already reached to maximum & further growth is very very slow or nill. I am holding that plot more than 13 years. DHA already charging arround 2500 monthly for non-construction & this new 1000 will make 50000 annual (not sure if I ve to pay previous also or no). Now from that point I will start to lose money on yearly basis. Moreover a new document has been added into system to slowdown process. But plot where one get posassion recently will not impact. As further growth is there, no one is going to lose anything in new projects. Now calculate years value for one holding multiple plots. Selling pressure will come on posassion plots too.
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