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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