One-time luxury tax imposed on 2-kanal and bigger houses

[Salman]

One-time luxury tax imposed on 2-kanal and bigger houses

LAHORE: The Punjab government has levied a one-time luxury tax on 2 kanal and bigger houses while widows owning less than 4 kanal houses will be exempted. A one-time tax of Rs 500,000 would be levied on the residential bungalows measuring 2-4 kanal, Rs 1 million on 4-8 kanal houses and Rs 1.5 million on houses bigger than 8 kanal. staff report