Assets Consultants

12/05/2026

01/08/2024

New capital gain tax policy

The Finance Act of 2024 has eliminated the concept of the holding period for immovable properties acquired on or after July 1, 2024, as detailed in an income tax circular issued by the Federal Board of Revenue (FBR).

Under the revised sub-section (1A) of section 37, gains from the disposal of immovable property in Pakistan will be taxed as capital gains at rates specified in the First Schedule.

Previously, the tax rate on capital gains depended on the holding period, with a maximum rate of 15% for properties held for less than a year. The rate decreased progressively, reaching 0% for plots held for more than six years, constructed properties held for over four years, and flats held for more than two years.

Effective July 1, 2024, gains from property disposals will be taxed at a flat rate of 15% for those listed on the Active Taxpayers List (ATL) at the time of disposal.

The Asset's consultant
Rajaa Farasat ullah

17/06/2024

Dha city Karachi plot for sale in sector 3A 500 highted and near to gate ready for construction call 03354392256

16/06/2024

Ancholi cooperative Society plot 125 Sq yards Residential R 431 urgent sale call 03354392256

16/06/2024

Dha city Karachi plots urgently required 125 200 300 500 1000 sq yards call 03354392256

16/06/2024

*Dha phase 2 ext old building on Sunset Lane 3 three Side Corner ideally located urgent sale Direct owner meeting possible*

*The Asset's consultant*
Rajaa Farasat ullah
Cell 03354392256/03032953343