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FBR Fair Market Property Values DHA Lahore - Imlaak

FBR Fair Market Property Values DHA Lahore

FBR Fair Market Property Values DHA Lahore

FBR has finally published fair market values for DHA lahore and other societies in Lahore. This fair market price is almost 30 to 35% more than the previous DC values in case of residential plot prices and 200 to 250% more in case of commercial plot prices.

The Government has also reduced the CGT time duration to 3 years instead of 5 at following rates:

  1. 10% for first year.
  2. 7.5% for second year.
  3. 5% for 3rd year.

CGT will be charged at a flat rate of 5% if properties purchased before 1st July 2016 are sold within the 3 year time period applicable for CGT .  In case of army officers and Govt officers allotted plots the CGT will be charged at 5% , 2.5% and 1.5% for 1st year , 2nd year and 3rd year respectively.

There are mixed views on how this will impact the market. Some experts believe that increase in market value of the property should be followed by a decrease in the percentage of taxes .

If you want to discuss about the effects of new DC values kindly post your opinion in our DISCUSSION FORUM 

FBR Fair Market Property Values
FBR Fair Market Property Values

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zain
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zain

Sir i purchased a Plot in DHA prism9 in September-2016 and i am considering to sell it in May-2017…. can you please tell me what will we my Capital Gain Tax….. ?

kjavedq
Member
kjavedq

Value of 10 marla plot in AWT Phase 2 Lahore

Zain
Guest
Zain

So if DC rate was 10lac and now it’s 50 lac. After new policy. 40 lac will be liable for CGT. This is fucking gruesome.

hammad
Guest
hammad

Since every Plot has it own worth so it is not possible to treat all plots in same value(table). For example values issued by FBR commercial plots in PIA society Lahore is 1,096,000 per Marla so it meas that commercial plots now charged withholding tax on new rates. So plot(10 Marla commercial) on the main Pia road worth around 600 lacs and plot inside of society worth 90 lacs will be treated alike which is unjust and not helpful to extinguish black money /market in real state and negates all Govt claims . IF GOVT really wants to make property… Read more »

Mohammad Imran Hameed
Guest
Mohammad Imran Hameed

Bro if I bought a 4 marla building in phase 2 dha (commercial) in february 2016 and sold it before 30th July 2016 …. I understand I will be liable to pay 5 pecent CGT and 1 percent advance tax as I’m a filer … what will CGT and advance tax amount be exactly …. wanna know how it will be calculated for me?

Muhammad Asad Farooq
Member

To calculate tax amount We need to know…
Date of purchase
DC rates at the time of purchase
DC or FBR rates at time of sale
CGT = FBR rate at time of sale – DC rate at time of purchase

M.Yousaf
Guest
M.Yousaf

this is also my question but no one given the reply.