Pakistan Real Estate Tax Reform 2025: Task Force recommends eliminating CVT to promote Pakistan’s real estate sector.
Islamabad: To restore Pakistan’s struggle real estate market, the task force has proposed to abolish housing sector development Section 7 E Islamabad Income Tax Ordinance And Capital Value Tax (CVT). Recommendations include a reduction High transaction tax On sale and purchase of property to attract investment.
Key tax reform proposal
- Eliminating Section 7E & CVT To reduce property transactions.
- Reduce 12-13 % transaction tax To prevent capital emissions.
- 7e Declaration and Commissioner approval from the approval For smooth processing.
- The exemption for property is up to Rs 10 million.
- The uniform tax rate For both filers and late filers.
- NADRA verification for non -residents.
- To modify property prices every three years Being align with market rates.
- Tax waiver Low -cost housing, government plots, and for the first time for domestic buyers.
Small -term steps to restore real estate
- Decrease Policy rate on the same digit To increase cheap.
- My Pakistan My Home (MPMG) Scheme Live For housing finance.
- Reproducing the markup subsidy For low -cost residential loans.
- Digitizing building and accommodation approval For transparency.
- Promote Vertical progress And encourage investment.
- Clarification Low and middle -income accommodation To improve target support.
Pakistan real estate tax reform 2025: Impact on real estate and economy
Experts noted it Property transactions have been less than 50 % Due to heavy taxes, which has forced many buyers to use Power of Attorney Avoid taxes. The Task Force has stressed that there will be tax reduction and policy reforms Live the construction and real estate sectors, promote investment, create jobs, and stabilityIng the economy.
With Incoming budgetCooperation between Federal and provincial governments It is very important to put these reforms into practice. If implemented, it may be changed Live the property market of Pakistan And attract both local and abroad investors.
Reef: https://www.pressreader.com/pakistan/pakistan-Today-lahore/20250204/281569476423114
