Is There any update of FBR rates, as some PDF File is Circulating weeks before Budget which shows approx. 60 to 110% In crease in FBR rates, as per New rates in many areas average plot is underprice as Compared to FBR Rates Lile In DHA phase 6 Rate in increase from 10,000,000 to 22,000,000
I am not sure that the percentage will be decreased or not, For short term Buying and selling will slow down at least for Investment purpose.
As per that list DHA phase 9 Rates has been increased by 45%.
Nasir replied on Monday, July 1, 2019 10:49 AM
New rates are displayed at FBR website |
SAK replied on Monday, July 1, 2019 01:25 PM
FBR rates almost doubled. Just purchased 10 Marla in phase 8 and before June 30 transfer was 300,000 and now it’s 660,000 with FBR rate of 84 lacs which is way more than what I paid for plot. Is FBR buying at that rate? I am willing to sell mine :-) |
thinker replied on Tuesday, July 2, 2019 05:19 AM
SAK, I dont know how you got 84 laks for 10 marla. As per FBR table for Phase 8 the rate is 3,60,000 per marla, so for 10 marla the price is 36 laks. |
Habib replied on Tuesday, July 2, 2019 08:52 AM
Dear Thinker wake up Rate is 840000 per Marla
Sr No1233
DEFENCE PHASE VIII
Residential Per Marla 840,000
Commercial Per Marla 7,200,000 |
Atif replied on Tuesday, July 2, 2019 09:35 AM
I don't understand how did FBR come up to these rates. The rates are totally unrealistic. I am sure 90% are heavy to sell at this rate if FBR can buy.
This indicates these people don't live in real world. |
Thinker replied on Tuesday, July 2, 2019 10:39 AM
Sorry for the confusion. I thought it was Phase 8 Bahria Town, Pindi, which has the rates that I quoted. (I live in Islamabad), I am sure your quoted numbers for DHA are correct |
Abdul Ghafoor replied on Tuesday, July 2, 2019 10:55 AM
@Habib brother. Can you kindly share the link from where latest FBR rates can be viewed. |
Abdul Ghafoor replied on Tuesday, July 2, 2019 11:16 AM
Never mind. Just checked the prism rates. They are 4lac per marla. Which is 80 lac for kanal jumping from around 54 lac. Does this mean the CGT will be applied on value of 80 - 54 i.e 26 lac for somebody who bought plot just before budget and wants to sell next year??? |
Thinker replied on Tuesday, July 2, 2019 01:17 PM
@abdul Ghafoor, yes his gains would be whatever price was listed as purchase price minus current FBR value. FBR argument would be that you should have listed the actual price if that was 1 crore and paid tax on that, since you didnt, now you should pay. |
Abdul Ghafoor replied on Tuesday, July 2, 2019 01:32 PM
@Thinker In my tax returns I've shown actual buying price. Would that price count? I think tax is by default deducted by DHA on FBR value. |
Thinker replied on Tuesday, July 2, 2019 02:26 PM
I am not sure, but yes in principle CGT should be based on the information in your tax forms. |
Abdul Ghafoor replied on Tuesday, July 2, 2019 02:50 PM
And thankfully I did all the payments through banking channels. So the payments to the seller can be verified very easily. |
abcd replied on Tuesday, July 2, 2019 03:23 PM
Park View and Air Avenue both comes under Phase 8. So there fbr commercial rate will also be 7200000 per marla? |
user1122 replied on Tuesday, July 2, 2019 10:12 PM
Dear Abdul Ghafoor In tax returns if you have shown actual value then it should ask for relevant tax calculation and payment. if you did it only in the wealth statement without paying additional tax then that may not be useful. |
