Salam,
I am purchasing a file in DHA Multan and want to know who is supposed to pay CGT. If I understand correctly, seller pays CGT and buyer pays CVT. right?
Aseem replied on Thursday, November 10, 2016 03:18 PM
Dear Mr. Taimoor....seller pays the CGT in case of disposing off property within 3 years of buying it...e.g. if you buy it in 2016, you would have to pay the tax @10% of rise in value (capital gain) if you sell it in 2017, @7.5% in case of selling it in 2018 and 5% in case of selling it by 2019...in case of holding it for more than 3-years, no CGT is payable....regards... |
Asad replied on Thursday, November 10, 2016 03:50 PM
in case of DHA Multan,there is no Capital gain Tax |
Observer replied on Thursday, November 10, 2016 04:07 PM
yes. buyer pays CVT and seller pays CGT(only if seller is a filer and selling before 3 years) CVT has to be paid at time of purchase its mandatory for the transfer to be executed but CGT cab be paid if and when seller files his tax return.
NOT A FILER NO CGT |
Observer replied on Thursday, November 10, 2016 04:15 PM
according to my humble opnion new tax which is implemented on 1st july is not that KHOOFNAK but people over reacted to it and stopped buying selling once for all caused this lucrative sector to be suffer |
Taimoor replied on Thursday, November 10, 2016 04:23 PM
Thanks Observer. |
ExpatPaki replied on Thursday, November 10, 2016 05:32 PM
How much is the CVT now, was there any change to it with the recent tax laws? |
ExpatPaki replied on Thursday, November 10, 2016 05:32 PM
How much is the CVT now, was there any change to it with the recent tax laws? |
ExpatPaki replied on Thursday, November 10, 2016 05:33 PM
How much is the CVT now? Was there any change with recent tax laws to it? |
tariq replied on Thursday, November 10, 2016 05:37 PM
The pak govt will take steps against inverters observing bold step of India who withheld currency notes of 500 and 1000 and will re-issue new notes after declaration of source of income.
However this will not only fatel for real estate but for general business community As wwll |
tariq replied on Thursday, November 10, 2016 05:37 PM
The pak govt will take steps against inverters observing bold step of India who withheld currency notes of 500 and 1000 and will re-issue new notes after declaration of source of income.
However this will not only fatel for real estate but for general business community As wwll |
tariq replied on Thursday, November 10, 2016 05:37 PM
The pak govt will take steps against inverters observing bold step of India who withheld currency notes of 500 and 1000 and will re-issue new notes after declaration of source of income.
However this will not only fatel for real estate but for general business community As wwll |
Observer replied on Friday, November 11, 2016 04:36 AM
tariq sb nothing like india going to happend in pak rather govt is about to give amnesty scheme to real estate which is inevitable for a sustainable economy.real estate is backbone for many associated industries here, killing real estate sector not good for anybody/any sector as well as for the economy. and govt knows that |
Observer replied on Friday, November 11, 2016 04:38 AM
@tariq you are just trying to spread panic for your own vicious interests |
