{"id":101405,"date":"2025-02-14T15:53:37","date_gmt":"2025-02-14T10:53:37","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101405"},"modified":"2025-02-14T16:03:52","modified_gmt":"2025-02-14T11:03:52","slug":"major-tax-cuts-expected-to-boost-property-market","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html","title":{"rendered":"Property tax reduction expected to boost real estate market: Sheikhani"},"content":{"rendered":"\n<p>Karachi: The Patron-in-Chief of the Association of Builders and Developers of Pakistan (ABAD), Mohsin Sheikhani, has said that the government plans to implement significant property tax reductions to stimulate investment in the real estate sector.<\/p>\n\n\n\n<p>Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%. Additionally, other levies such as Capital Value Tax, Capital Gains Tax, <a href=\"https:\/\/www.zameen.com\/news\/govt-likely-to-abolish-fed-on-property-transfers.html\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Excise Duty<\/a>, and Super Tax are likely to be reduced or eliminated.<\/p>\n\n\n\n<p>He assured that no new taxes would be imposed on tax filers in the property sector, aiming to encourage more individuals to participate in the formal real estate market.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-relief-for-overseas-pakistanis-by-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR eases tax burden on property transactions for expatriates<\/a><\/p>\n\n\n\n<p>Sheikhani also highlighted ongoing government efforts to address land encroachment issues, stating that the Sindh Inspector General (IG) has been tasked with clearing illegally occupied land.<\/p>\n\n\n\n<p>Furthermore, ABAD has proposed affordable housing schemes to foreign investors at lower prices and is collaborating with city authorities to transform a slum area in District South into a model project.<\/p>\n\n\n\n<p>He added that an ABAD delegation is scheduled to meet with the Prime Minister later this week to discuss further developments and strategic plans for the property sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Patron-in-Chief of the Association of Builders and Developers of Pakistan (ABAD), Mohsin Sheikhani, has said that the government plans to implement significant property tax reductions to stimulate investment in the real estate sector. Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%. Additionally, other levies such as Capital Value Tax, Capital Gains Tax, Federal Excise Duty, and Super Tax are likely to be reduced or eliminated. He assured that no new taxes would be imposed on tax filers in the property sector, aiming to encourage more individuals to participate in the formal real estate market. Read: FBR eases tax burden on property transactions for expatriates Sheikhani also highlighted ongoing government efforts to address land encroachment issues, stating that the Sindh Inspector General (IG) has been tasked with clearing illegally occupied land. Furthermore, ABAD has proposed affordable housing schemes to foreign investors at lower prices and is collaborating with city authorities to transform a slum area in District South into a model project. He added that an ABAD delegation is scheduled to meet with the Prime Minister later this week to discuss further developments and strategic&hellip;<\/p>\n","protected":false},"author":18,"featured_media":76290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[5726,2169,3281,37629,52814,2149,62601,122,4293,62407,62602,60563,1302,52860,57402],"persona":[],"class_list":{"0":"post-101405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-abad","9":"tag-affordable-housing","10":"tag-capital-gains-tax","11":"tag-capital-value-tax","12":"tag-federal-excise-duty","13":"tag-land-encroachment","14":"tag-mohsin-sheikhani","15":"tag-pakistan-real-estate-2","16":"tag-property-investment","17":"tag-property-market-growth","18":"tag-property-tax-reduction","19":"tag-real-estate-reforms","20":"tag-real-estate-sector","21":"tag-super-tax","22":"tag-tax-cuts","23":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Major tax cuts expected to boost property market - Zameen News<\/title>\n<meta name=\"description\" content=\"Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major tax cuts expected to boost property market - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-14T10:53:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-14T11:03:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/News-Cover-property-tax.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Major tax cuts expected to boost property market - Zameen News","description":"Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html","og_locale":"en_US","og_type":"article","og_title":"Major tax cuts expected to boost property market - Zameen News","og_description":"Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%...","og_url":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2025-02-14T10:53:37+00:00","article_modified_time":"2025-02-14T11:03:52+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/News-Cover-property-tax.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/a3a8cc23079c627774ff19f42da24f1d"},"headline":"Property tax reduction expected to boost real estate market: Sheikhani","datePublished":"2025-02-14T10:53:37+00:00","dateModified":"2025-02-14T11:03:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html"},"wordCount":214,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/News-Cover-property-tax.jpg","keywords":["ABAD","affordable housing","Capital Gains Tax","Capital Value Tax","Federal excise duty","land encroachment","Mohsin Sheikhani","Pakistan real estate","property investment","Property Market Growth","property tax reduction","real estate reforms","real estate sector","Super tax","tax cuts"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html","url":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html","name":"Major tax cuts expected to boost property market - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/News-Cover-property-tax.jpg","datePublished":"2025-02-14T10:53:37+00:00","dateModified":"2025-02-14T11:03:52+00:00","description":"Sheikhani revealed that the tax on property transactions and transfers for tax filers is expected to be reduced from 13% to 2-3%...","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/News-Cover-property-tax.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/News-Cover-property-tax.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/major-tax-cuts-expected-to-boost-property-market.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Property tax reduction expected to boost real estate market: Sheikhani"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/a3a8cc23079c627774ff19f42da24f1d","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=101405"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101405\/revisions"}],"predecessor-version":[{"id":101407,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101405\/revisions\/101407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/76290"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=101405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=101405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=101405"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=101405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}