According to the new taxation amendment on 30 july 2016, do i have to pay tax if i am buing a plot in islamabad for 6.5 million pkr.
I am an overseas pakistani and transfered my funds using UBL in dubai to my UBL account in pakistan.
I am clear about WHT and CGT as they are applicable when I will sell the plot. Here my question is about buying a plot. As per the agent, i only have to pay the following.
1- pay order fee
2-agent fee
3- society transfer fee
4- plot price to the seller.
Is there any thing else do i have to pay? as according to him I dont have to Pay any taxes at the time of purcahse.
I am travelling in 2 days time hence quick answer will be really appriciated.