{"id":52875,"date":"2019-06-22T10:00:39","date_gmt":"2019-06-22T05:00:39","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52875"},"modified":"2020-07-01T15:19:05","modified_gmt":"2020-07-01T10:19:05","slug":"islamabad-estate-agents-association-proposes-reduction-in-cgt","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html","title":{"rendered":"Islamabad Estate Agents Association proposes reduction in CGT"},"content":{"rendered":"<p>Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real estate gains to 5%, according to a news source. He shared his proposal before Senate Standing Committee on Revenue on June 20 on behalf of IEAA.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-for-increasing-property-holding-period-for-cgt-collection.html\">FBR for increasing property holding period for CGT collection<\/a><\/p>\n<p>Mehmood request the government to reduce taxes levied on the real estate sector and give it the status on an industry. Sharing his proposal on CGT, the IEAA president suggested that the duration for property sale in the second slab for vacant plots be decreased to five years instead of 10. This is in addition to his recommendation for reducing the CGT to 5%.<\/p>\n<p>Commenting on the proposed rise in the FBR valuation rates, Mehmood said that his association is for the proposed rise but requests the government to reduce the taxes to 2% instead. In addition to that, he request reduction in GST on property transaction from 6% to 3%.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/dc-rate-on-immovable-properties-set-to-increase.html\">DC rate on immovable properties set to increase<\/a><\/p>\n<p>Regarding the amnesty scheme, Mehmood proposed an extension in the deadline, which representatives of the Federal Board of Revenue didn\u2019t agree with. Instead, what they did assure was reduction in surcharge for those who will declare their assets by June 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real estate gains to 5%, according to a news source. He shared his proposal before Senate Standing Committee on Revenue on June 20 on behalf of IEAA. Read: FBR for increasing property holding period for CGT collection Mehmood request the government to reduce taxes levied on the real estate sector and give it the status on an industry. Sharing his proposal on CGT, the IEAA president suggested that the duration for property sale in the second slab for vacant plots be decreased to five years instead of 10. This is in addition to his recommendation for reducing the CGT to 5%. Commenting on the proposed rise in the FBR valuation rates, Mehmood said that his association is for the proposed rise but requests the government to reduce the taxes to 2% instead. In addition to that, he request reduction in GST on property transaction from 6% to 3%. Read:\u00a0DC rate on immovable properties set to increase Regarding the amnesty scheme, Mehmood proposed an extension in the deadline, which representatives of the Federal Board of Revenue didn\u2019t agree with. Instead,&hellip;<\/p>\n","protected":false},"author":67,"featured_media":52876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[11968],"persona":[],"class_list":{"0":"post-52875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-islamabad-estate-agents-association-proposes-reduction-in-cgt","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Islamabad Estate Agents Association proposes reduction in CGT - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real\" \/>\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\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Islamabad Estate Agents Association proposes reduction in CGT - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.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:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-22T05:00:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-01T10:19:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/06\/Islamabad-Estate-Agents-Association-IEAA.jpg\" \/>\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\/jpeg\" \/>\n<meta name=\"author\" content=\"Manik Aftab\" \/>\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=\"Manik Aftab\" \/>\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":"Islamabad Estate Agents Association proposes reduction in CGT - Zameen News","description":"Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real","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\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html","og_locale":"en_US","og_type":"article","og_title":"Islamabad Estate Agents Association proposes reduction in CGT - Zameen News","og_description":"Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real","og_url":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.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_author":"atif_zameen_dev","article_published_time":"2019-06-22T05:00:39+00:00","article_modified_time":"2020-07-01T10:19:05+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/06\/Islamabad-Estate-Agents-Association-IEAA.jpg","type":"image\/jpeg"}],"author":"Manik Aftab","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Manik Aftab","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html"},"author":{"name":"Manik Aftab","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/ff469695c0914ef3147ebd56e5d61b7e"},"headline":"Islamabad Estate Agents Association proposes reduction in CGT","datePublished":"2019-06-22T05:00:39+00:00","dateModified":"2020-07-01T10:19:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html"},"wordCount":220,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/06\/Islamabad-Estate-Agents-Association-IEAA.jpg","keywords":["Islamabad Estate Agents Association proposes reduction in CGT"],"articleSection":["New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html","url":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html","name":"Islamabad Estate Agents Association proposes reduction in CGT - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/06\/Islamabad-Estate-Agents-Association-IEAA.jpg","datePublished":"2019-06-22T05:00:39+00:00","dateModified":"2020-07-01T10:19:05+00:00","description":"Islamabad: Islamabad Estate Agents Association (IEAA) President Sardar Tahir Mehmood has proposed the government to reduce capital gain tax (CGT) on real","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/06\/Islamabad-Estate-Agents-Association-IEAA.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/06\/Islamabad-Estate-Agents-Association-IEAA.jpg","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/islamabad-estate-agents-association-proposes-reduction-in-cgt.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Islamabad Estate Agents Association proposes reduction in CGT"}]},{"@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\/ff469695c0914ef3147ebd56e5d61b7e","name":"Manik Aftab","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","caption":"Manik Aftab"},"description":"Manik Aftab is a Content Developer at Zameen.com","sameAs":["atif_zameen_dev"],"url":"https:\/\/www.zameen.com\/news\/author\/manik"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/52875","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=52875"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/52875\/revisions"}],"predecessor-version":[{"id":52877,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/52875\/revisions\/52877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/52876"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=52875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=52875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=52875"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=52875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}