Shocking Property Tax Hike in Pakistan’s 2024-25 Budget
The Budget 2024-25 in Pakistan proposes significant changes to the taxation of real estate and property, impacting both filers and non-filers. Here’s a detailed breakdown of the key changes: Capital Gain Tax on Real Estate Currently, the capital gain tax on immovable property depends on the holding period (1 to 6 years) of the plot/flat/constructed property. After 6 years, there was no tax. The new proposal changes this:For Filers: A flat 15% capital gain tax irrespective of the holding period.For Non-Filers: A steep 45% capital gain tax.This new rate applies to properties acquired on or after July 1, 2024. Properties ...
Budget 2024-25 Pakistan: Friendly Budget, But Not for Us
The Federal Budget for FY2024-25 has been unveiled, and it's being touted as one of the most 'friendly' budgets in recent times. But as we dive into the details, it becomes clear that the benefits might not be reaching the common people as expected. Let's break down the key points of the budget and see who really benefits. Total Outlay and Major Allocations The total outlay for the budget is Rs. 18,877 billion. Here's a look at the major allocations: Debt Servicing: A staggering Rs. 9,700 billion is allocated for debt servicing. This is more than half ...
Tips to Avoid real estate Scams in Pakistan
Among the world’s most profitable businesses today is real estate. Pakistan is a good example. There is a strong property market in the majority of Pakistan, which is evident in the development of housing societies. However, even though a system may be performing well, it does not mean there are no problems. We are surrounded by scammers everywhere.You might be offered bogus agreements or fake properties by these people. Identifying a real estate scam can be challenging, but we are here to help. It would help to consider these things whether you are buying, selling, or renting to avoid losing ...
What are some common mistakes when buying or selling a property?
When buying or selling a property, there are several common mistakes that people often make. These mistakes can have financial, legal, or practical consequences. Here are some of the most common ones to be aware of: Lack of research: Failing to conduct proper research on the property, its location, and market conditions can lead to costly mistakes. It's important to research the property's history, any potential issues (such as liens or encumbrances), neighborhood amenities, and recent comparable sales. Not setting a budget: Buyers and sellers should establish a realistic budget before entering the market. Failing to do so can ...
7 Wonders City Housing Society
Introduction 7 Wonders City Islamabad is a unique housing project that is going to have replicas of seven modern wonders of the world. It is not the end of what this housing project is going to offer, the project will be provided with all the modern amenities and features that will differentiate it from the competition. 7 Wonders City Islamabad is developing near the CPEC route and would be adorned with replicas of seven wonders of the world. Overview 7 Wonders City Islamabad is a theme-based housing project that is going to feature all the 7 Wonders of the World. ...
Bahria Town Rawalpindi
Bahria Town Rawalpindi Bahria Town Rawalpindi also known as Bahria Town Islamabad is a master planned gated community designed and developed by the largest private real estate developer of ASIA namely BAHRIA TOWN. It has introduced the unique life-style features to general public especially the middle class of Pakistan, which were once reserved for the elite. Bahria Town can be considered as the catalyst for major growth of real estate industry in Pakistan. Real Estate Sector in Pakistan stands nowhere without Bahria Town and DHA. Bahria Town Rawalpindi is more popular than other neighboring housing societies due to the following ...
We only brings you the best, secure, approved and promising project and investment opportunities always.
We only brings you the best, secure, approved and promising project and investment opportunities always.
Call us (051) 4853620