FBR notice

[Salman]

Congratulations Eid Gift for all friends

New DC rates are set by FBR under new rules and are still very acceptable. Very positive news indeed.

Column on left residential per marla and right side for commercial per marla.

Capital gains tax 10% if selling before 5 years. (Not final but trying and likely also only if property is over 15 millions at markert rates) Already no one paying as no one files annual tax returns including more than half of MNAs

Technicaly if you buy a plot and sell it 10 times during year you are not liable for any capital tax within one year BECAUSE official value won't change during financial year. Zero capital gains if you put official buy sell price. Legally you will be ok in FBR. Keep profit in cash Free 2nd Eid Gift

All sale deed should have official current FBR market value price. Market price will be fixed and won't change daily by State Bank or FBR as not practicaly legally possible (One FBR office can't assess or have two prices for same property.

Choudry Mujahid Yasin (CMY)
+16308024186