FBR property valuation rates of top cities
The Federal Board of Revenue has issued the new valuation rates of immovable property of 21 cities. Different taxes on real estate transactions will be collected according to these new rates. Buyers and sellers will pay all the taxes according to the new rates set by FBR. These rates will be brought closer to market rates in few years times.
Taxes to be paid by seller of immovable property
Withholding Tax – WHT
Capital Gain Tax – CGT
Taxes to be paid by buyer of immovable property
Stamp Duty (SD)
Capital Value Tax (CVT)
Withholding Tax (WHT)