Taxes on property related businesses are high

(Source: Pixabay)

FBR in Pakistan is posing some taxes on property business. In the Top City Housing Society, the transfer fees of 5 marla plots is about 2.67 lacs for the buyer and 1.56 lacs for the owner of the property. In this housing society, the rate of the plot is about 70 lacs. FBR is also increasing the DC rate. For instance, if previously, DC rate of a 70 lac rupees plot was 35 lacs, it would increase to about 50 lacs to 55 lacs. In this case, property teams and Islamabad Chamber of Commerce have to arrange meetings with FBR, as many people in FBR may not have this much experience about property. For instance, people with salaries may not be able to understand the property-related business.

Source:

Gondal Group of Marketing Islamabad - FBR New Taxes on Real Estate Sector, FBR Tax 2024-25, Property Sale-Purchase TAX Islamabad Pakistan - https://www.youtube.com/watch?v=WxG_E2fCJmc&t=19s