Capital Development Authority (CDA) is proposing 90% increase in property tax in 2011-12 budget. Property tax is based on lot sizes of the constructed houses. Its effect on buyers’ lot size preferences will be interesting to see after the budget approval.
ASK replied on Thursday, June 23, 2011 05:28 AM
People can buy a house at a min. of 2 crore in Islamabad. Rent out a portion of it at unbelievable rents without even declaring it but cry when they have to pay 20-30k tax in a year. This is a much bigger concern as a Pakistani. |
