Property valuation was a critical issue in Pakistan. Federal Government and property dealers association have reached to the agreement. Business community is pleased with leadership of Senator Ishaq Dar.

1.  Valuation has been agreed for major cities.
 Valuation tables will be notified by FBR instead of valuation
by SBP approved valuers.
 Till such time and for those areas for which no valuation
tables are notified, DC rate will apply.
 Holding period for CGT(capital gain tax) has been reduced
from 5 to 3 years.
 There will be no CGT on property held for more than 3 years.
 Properties acquired on or after 1st July 2016:
o If holding period is up to 1 year - CGT 10%
o If holding period is between 1 and 2 years - CGT 7.5%
o If holding period is between 2 and 3 years - CGT 5%
o If holding period is more than 3 years - CGT 0% / exempt.
 Properties acquired before 1st July 2016:
o If holding period is less than 3 years - CGT 5%
o If holding period is more than 3 years - CGT 0% / exempt.
 Valuation will apply on (i) CGT (ii) withholding taxes (iii) for
the purposes of Sec 111.
 Basic threshold of Rs.3 million for application of withholding
tax on purchase of immovable property enhanced to Rs.4
million.
 Appropriate legislation will be done to give effect to the
proposed changes as agreed with all stakeholders.
Valuation of
Property & Taxes
Daily 10 Minutes – Pioneer of Creative Press in Pakistan