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FBR Cuts Down Property Taxes in Bahria Town Rawalpindi and DHA Islamabad

FBR

Federal Board of Revenue (FBR) has revised the property valuation rates in six major cities of Pakistan in order to control the increasing property prices and revive the declining sale purchase activity in the real estate market of Pakistan.

The land policy implemented by FBR in 2016 has adversely affected the real estate market, and an overall increase of 25 to 30% was observed across different cities. The decision to increase property valuation rates was meant to increase tax revenues, however it didn’t bear results as expected.

We had covered details of land policy of 2016 at following pages:

Bahria Town Karachi Property Valuation Rates 

FBR Property Valuation Rates in Major Cities of Pakistan

New Property Tax Amnesty Scheme 2016

On an average, FBR has lowered the property valuation rates by 50 to 55% in the major cities of Pakistan including Karachi, Lahore, Islamabad, Rawalpindi, Peshawar and Faisalabad. Low valuation rates will certainly accelerate the trading activity due to low tax burden on new buyers and sellers.

DHA and Bahria Town valuation rates have also been reduced significantly which would result in less tax cost for new transactions. This development will certainly have quite positive impact over the property market, and short term investors will be able to save something after paying government taxes.

Following is the revised property valuation and tax details in DHA Islamabad:

FBR Property Rates in DHA Islamabad

The above table gives you complete detail of FBR rates per marla for all phases of DHA Islamabad including DHA phase 1, DHA Phase 2, DHA Phase 3, DHA Phase 4, DHA Phase 5 and DHA Phase 2 Extension. Old Rates are also mentioned above, which show that FBR has slashed quite significant amount.

Following is the revised property valuation and tax details in Bahria Town Rawalpindi:

Bahria Town Rawalpindi New FBR Rates

Above listed table shows that FBR has reduced property valuation rates significantly in all phases of Bahria Town including safari valley, safari villas and extension areas.

We will update the revised property valuation rates for all major cities of Pakistan on our website soon. So stay tuned !

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This blog post was created on Tuesday, January 16th, 2018 by Manahil Estate and Filed Under Tags: , ,