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CGT on sale of property.,

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   Khan
Thursday, December 7, 2017 03:48 AM 
Reply: >
Dear LRE Staff !

I bought a 5 Marla file in DHA Prism in 2014 and sold it after balloting (after 2.5 years) in march-2017. My questions are:

1. Do i have to pay CGT on profit ?
2. I have born loss against investment in stocks during last FY.can this loss be adjusted against gains made in property sale?
3. in FY previous to last FY i lost some investment in property...can that be adjusted too ?

Regards
LRE Support Staff replied on Thursday, December 7, 2017 05:40 AM 

Assalam O Alaikum!

No, you'd have to pay Gain Tax on selling property before 3 years
Regards,
Lahore Real Estate
SurferŽ replied on Thursday, December 7, 2017 05:06 PM 

No CGT selling after 3 years
Not before 3 years.
Kindly correct team LRE
LRE Support Staff replied on Saturday, December 9, 2017 04:32 AM 

Dear Sir,
Yes, no CGT if property is being sold 3 years after the purchase, if it's sold before the 3 years mark then CGT has to be paid. 1% for Tax filer and 2% for non filer.

Regards,
Lahore Real Estate
NabeelŽ replied on Monday, December 18, 2017 10:50 AM 

CGT has to be paid at rate of 5% in case of selling between year 2 and 3.
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