What will be the effects of recent budget on property sector? Sepecially Behria Town phase 8 Rawalpindi.
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Good news for genuine buyers who file taxes and have legitt source of funds.
Bad news for non-filers. CGT raised to same level of income tax which is totally justified. Making profit on real estate is just like making any other income. No excuse.
Also DC rates revised. Property valuation raised to actual market prices and now for tax purposes, people will not able able to lie and transfer on lower value.
I see negative effect on plot prices which is also good because it will help those who wants to construct houses for their families.