Reduce Capital Gains Tax on Property In New Budget by PTI Government

Reduce Capital Gains Tax on Property In New Budget by PTI Government

New Budget by PTI Government to Reduce Capital Gains Tax on Property

Despite what is included in sub-section 3, the amount of any profit arising from the disposal property should be calculated according to the formula specified in the table.

 

Sr.No Holding Period Gain
(1) (2) (3)
1 Where the holding period of immovable property does not exceed one year A
2 Where the holding period of an immovable property exceeds one year but does not exceed two years A x 3/4
3 Where the holding period of an immovable property exceed two years but does not exceed three years A x 1/2
4 Where the holding period of an immovable property exceeds three years but does not exceed four years A x 1/4
5  Where the holding period of an immovable property exceeds four years 0

Capital Gains Tax on disposal of Immovable Property

Sr.No Amount Of Gain Rate of Tax
(1) (2) (3)
1 Where the gain does not exceed Rs 5 million 2.5%
2 Where the gain exceeds Rs 5 million but does not exceed Rs 10 million 5%
3 Where the gain exceeds Rs 10 million but does not exceed Rs 15 million 7.5%
4 Where the gain exceeds Rs 15 million 10%

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