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CAPITAL GAIN ON DISPOSAL OF IMMOVABLE PROPERTY – Section 37(1A)

CAPITAL GAIN ON DISPOSAL OF IMMOVABLE PROPERTY – Section 37(1A)

 

Tax rates on capital gain on disposal of immovable property under Section 37(1A) are to be as follows:

 

Holding Period Rate of Tax
  Open Plots Constructed Property Flats
Where the holding period does not exceed one year 15% 15% 15%
Where the holding period exceeds one year but does not exceed two years 12.5% 10% 7.5%
Where the holding period exceeds two years but does not exceed three years 10% 7.5%
Where the holding period    exceeds three years but does not exceed four years 7.5% 5%
Where the holding period exceeds four years but does not exceed five years 5% 0%
Where the holding period exceeds five years but does not exceed six years 2.5%
Where the holding period exceeds six years 0%
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