{"id":53356,"date":"2019-07-08T17:53:13","date_gmt":"2019-07-08T12:53:13","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53356"},"modified":"2019-08-01T09:33:41","modified_gmt":"2019-08-01T04:33:41","slug":"fbr-reverts-property-valuation-rates-feb-2019-figures","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-reverts-property-valuation-rates-feb-2019-figures.html","title":{"rendered":"FBR reverts property valuation rates to Feb 2019 figures"},"content":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) on Sunday issued a clarification in which it announced that the valuation rates of immovable properties notified by the taxation authority on February 1 would remain applicable until further notice, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/sindh-govt-asked-to-increase-property-valuation-rates.html\" target=\"_blank\" rel=\"noopener noreferrer\">Sindh govt asked to increase property valuation rates<\/a><\/p>\n<p>According to the officials concerned, the federal institution is finalising new valuation rates for immovable properties in a bid to increase its revenue.<\/p>\n<p>Previously, the FBR had <a href=\"https:\/\/www.zameen.com\/news\/govt-proposes-increase-property-valuation-rate.html\" target=\"_blank\" rel=\"noopener noreferrer\">increased its valuations rates<\/a> by up to 20% for immovable properties situated in various cities. To prevent any property transaction malpractices, it also established a Directorate General of Immovable Properties and tasked it with confiscating the properties with under-declared valuation figures.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-revision-in-property-valuation-rates-of-18-cities.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR proposes revision in property valuation rates of 18 cities<\/a><\/p>\n<p>Accompanying the newly proposed valuations on June 3, the authority had also proposed to abolish the rule that did not allow revenue authorities to find information regarding the source of the purchased immovable properties.<br \/>\nAn official of the Inland Revenue stated that the FBR, through the implementation of stringent measures, anticipated record revenue numbers against property transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) on Sunday issued a clarification in which it announced that the valuation rates of immovable properties notified by the taxation authority on February 1 would remain applicable until further notice, a news source reported. Read:\u00a0Sindh govt asked to increase property valuation rates According to the officials concerned, the federal institution is finalising new valuation rates for immovable properties in a bid to increase its revenue. Previously, the FBR had increased its valuations rates by up to 20% for immovable properties situated in various cities. To prevent any property transaction malpractices, it also established a Directorate General of Immovable Properties and tasked it with confiscating the properties with under-declared valuation figures. Read:\u00a0FBR proposes revision in property valuation rates of 18 cities Accompanying the newly proposed valuations on June 3, the authority had also proposed to abolish the rule that did not allow revenue authorities to find information regarding the source of the purchased immovable properties. An official of the Inland Revenue stated that the FBR, through the implementation of stringent measures, anticipated record revenue numbers against property transactions.<\/p>\n","protected":false},"author":18,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12155],"persona":[],"class_list":{"0":"post-53356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-fbr-reverts-property-valuation-rates-to-feb-2019-figures"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR reverts property valuation rates to Feb 2019 figures - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Federal Board of Revenue (FBR) on Sunday issued a clarification in which it announced that the valuation rates of immovable properties\" \/>\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\/fbr-reverts-property-valuation-rates-feb-2019-figures.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR reverts property valuation rates to Feb 2019 figures - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Federal Board of Revenue (FBR) on Sunday issued a clarification in which it announced that the valuation rates of immovable properties\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-reverts-property-valuation-rates-feb-2019-figures.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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