Pakistan property market condition now Real estate activities in Pakistan were almost stalled after the property tax amendments 2016-17. Property prices also saw major setback, as new laws required the source of income by FBR. Blockage of black money was like deathblow for real estate sector. But after protests of real estate agents, government introduced…
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Pakistani 10 years property cycle Economic cycles Economic cycles are famous worldwide and are used by economists to predict the future of economy. These economic and empire cycles were derived by famous scholar Ibn Khaldun. The biggest question is what these cycles are, are they real or what is the philosophy behind these cycles? Economic…
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Pakistan property slump continues Real estate activates in Pakistan have stalled after the property tax amendments 2016. Transactions are 80-90% low from its peak in MAY/JUNE 2016. The new property tax amendments have badly affected the real estate sector. Even amnesty scheme is unable to give boost to stagnant reality sector. Pakistan reality sector has…
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Pakistan real estate booms and busts Since the dawn of 21st century, real estate sector has played a prominent role in our national economy. Pakistan has witnessed two property booms and busts since 2000. Let’s discuss the reasons behind these two property booms and busts. First property boom in Pakistan 2003-2005 Reasons of property price…
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Benefits of living in a home The choice of living in an apartment or a house solely depends on one’s requirements and financial circumstances. Both houses and apartments are good for living with certain advantages. Here we discuss the advantages of homes over flats. Homes have higher re-sale value and are better choice for investment…
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Property market situation after tax amnesty scheme Recently government has passed the tax amnesty scheme bill for real estate sector. This bill is passed to ease the realtors’ pressure and also to bring investments back to Pakistan property sector. According to this bill, non-taxpayers can pay 3% tax on property purchase to be tax-payers or…
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Supreme Court is requested to ban amnesty scheme Government imposes Income Tax Act 2016 (06-12-2016) The Federal government has imposed the Income Tax (Amendment) Act 2016 across the country. Parliament approved tax amnesty scheme for real estate sector on 30th of November 2016. This is open ended amnesty scheme, without time limit. According to this…
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Property taxes after real estate amnesty scheme Government has approved tax amnesty scheme for real estate sector. Non-filers have to pay additional 3% tax to become filer or in other word to whiten the black money. Changes in property taxes 2016-2017 WHT, CGT, ST & CVT will be charged according to the rates set in…
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After shocks of property tax amnesty scheme Tax amnesty scheme for real estate sector approved National Assembly has finally approved a tax amnesty scheme for real estate sector on Wednesday, 30-11-2016. According to this property amnesty scheme, people have to pay 3% tax on the difference between the old DC rate and new FBR rates…
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Impact of black money on real estate sector Black money Black money is one that is earned from irregular or illegal means. But according to the government, money that is received in cash through underground economic activities, and is not taxes, is the black money. Black money in Pakistan According to the government officials, black…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
