As the Pak govt is serious in taxing real estate property, the big investors holding properties in good societies will surely unload them selves as no price rise, rather further decline, is expected at least in next 3 to 4 years time plus anual un avoidable tax @ 2.5 % at mkt price.
Will this situation not create lot of activities in real state mkt and time can come where a middle class person can buy a 10 marlas plot for his house in good societies. I wish !!!!!
Brothers to comments please
:pkf
Jameel replied on Thursday, May 21, 2009 04:15 PM
Unavoidable Tax at 2.5% rate/year is only a speculation. It meand s if DC rate of 60 Lac then you will have to pay 1.5 Lac and most of Lands are left for 20,30 years, if that is the case you will lose 50% cost in Tax
It can be only on transection but I am not sure how much is property Tax on Houses, can any one tell me how much is tax on Kanal House |
Khalid Khan replied on Sunday, May 24, 2009 10:51 AM
2.5% seems to be a Zakat and not Tax |
