{"id":51718,"date":"2019-04-27T10:00:20","date_gmt":"2019-04-27T05:00:20","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51718"},"modified":"2020-07-01T15:03:19","modified_gmt":"2020-07-01T10:03:19","slug":"real-estate-sectors-documentation-secp-submits-budget-proposals-fbr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html","title":{"rendered":"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR"},"content":{"rendered":"<p>Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to the upcoming Budget 2019-20, a news source reported. The budget proposals include measures for the documentation of the real estate sector and development of the capital market.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/real-estate-companies-get-exemption-from-secp.html\" target=\"_blank\" rel=\"noopener noreferrer\">Real estate companies get exemption from SECP<\/a><\/p>\n<p>SECP has suggested that the FBR should align the rates of capital gains tax (CGT) on disposal of securities with rates of CGT on immovable property. According to sources, this measure can help ease the speculative pressure on real estate property prices in Pakistan, along with encouraging the documentation of real estate activities. It has been reported that most of the undocumented wealth is currently flowing towards speculative buying and selling in the real estate sector. This is why some of SECP\u2019s submitted proposals are related to discouraging such activities.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/secp-appoints-registrar-secured-transactions-registry.html\" target=\"_blank\" rel=\"noopener noreferrer\">SECP appoints Registrar, Secured Transactions Registry<\/a><\/p>\n<p>SECP has also suggested to decrease the CGT rate on securities from 15% to 10%. The commission stated that the latter figure is more applicable to the real estate sector. The authority has submitted several other proposals for the Budget 2019-20.<\/p>\n<p>The FBR has received the SECP\u2019s budget proposals, and is now reviewing these as part of its ongoing budget preparation exercise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to the upcoming Budget 2019-20, a news source reported. The budget proposals include measures for the documentation of the real estate sector and development of the capital market. Read:\u00a0Real estate companies get exemption from SECP SECP has suggested that the FBR should align the rates of capital gains tax (CGT) on disposal of securities with rates of CGT on immovable property. According to sources, this measure can help ease the speculative pressure on real estate property prices in Pakistan, along with encouraging the documentation of real estate activities. It has been reported that most of the undocumented wealth is currently flowing towards speculative buying and selling in the real estate sector. This is why some of SECP\u2019s submitted proposals are related to discouraging such activities. Read:\u00a0SECP appoints Registrar, Secured Transactions Registry SECP has also suggested to decrease the CGT rate on securities from 15% to 10%. The commission stated that the latter figure is more applicable to the real estate sector. The authority has submitted several other proposals for the Budget 2019-20. The FBR has received the SECP\u2019s&hellip;<\/p>\n","protected":false},"author":68,"featured_media":42129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[11470],"persona":[],"class_list":{"0":"post-51718","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-real-estate-sectors-documentation-secp-submits-budget-proposals-to-fbr","9":"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>Real estate sector\u2019s documentation: SECP submits budget proposals to FBR - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to\" \/>\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\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.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=\"2019-04-27T05:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-01T10:03:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/SECP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Safina Sultan\" \/>\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=\"Safina Sultan\" \/>\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":"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR - Zameen News","description":"Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to","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\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html","og_locale":"en_US","og_type":"article","og_title":"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR - Zameen News","og_description":"Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to","og_url":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.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":"2019-04-27T05:00:20+00:00","article_modified_time":"2020-07-01T10:03:19+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/SECP.png","type":"image\/png"}],"author":"Safina Sultan","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Safina Sultan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html"},"author":{"name":"Safina Sultan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0f7ad58ef43a9c16d70bfd31d586f512"},"headline":"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR","datePublished":"2019-04-27T05:00:20+00:00","dateModified":"2020-07-01T10:03:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html"},"wordCount":228,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/SECP.png","keywords":["details on Real estate sector\u2019s documentation: SECP submits budget proposals to FBR"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html","url":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html","name":"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/SECP.png","datePublished":"2019-04-27T05:00:20+00:00","dateModified":"2020-07-01T10:03:19+00:00","description":"Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) has submitted budget proposals to the Federal Board of Revenue (FBR) in relation to","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/SECP.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/SECP.png","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/real-estate-sectors-documentation-secp-submits-budget-proposals-fbr.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Real estate sector\u2019s documentation: SECP submits budget proposals to FBR"}]},{"@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\/0f7ad58ef43a9c16d70bfd31d586f512","name":"Safina Sultan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41ef23ce0eab3597842e7f43d50bc919f73ac1f4e11afa5f19ca36f6e55f832f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41ef23ce0eab3597842e7f43d50bc919f73ac1f4e11afa5f19ca36f6e55f832f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41ef23ce0eab3597842e7f43d50bc919f73ac1f4e11afa5f19ca36f6e55f832f?s=96&d=mm&r=g","caption":"Safina Sultan"},"description":"Safina Sultan is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/safina"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/51718","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\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=51718"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/51718\/revisions"}],"predecessor-version":[{"id":51721,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/51718\/revisions\/51721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/42129"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=51718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=51718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=51718"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=51718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}