{"id":64134,"date":"2020-04-15T17:27:12","date_gmt":"2020-04-15T12:27:12","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64134"},"modified":"2020-04-16T12:33:02","modified_gmt":"2020-04-16T07:33:02","slug":"notification-cvt-stamp-duty-awaited","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/notification-cvt-stamp-duty-awaited.html","title":{"rendered":"Notification on Stamp duty, CVT awaited for resumption of property transfers in Rawalpindi"},"content":{"rendered":"\n<p>Rawalpindi: Real estate stakeholders within the city currently await the official notification regarding a reduction in Capital Value Tax (CVT) and Stamp Duty rates recently announced by the Punjab government as a part of its incentives package to facilitate the construction industry \u2013 because of which property transfers have mostly been put on hold in Rawalpindi and other provincial urban centres, a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-defers-property-tax-reduces-cvt-stamp-duty.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Punjab defers Property Tax, reduces CVT &amp; Stamp Duty (opens in a new tab)\">Punjab defers Property Tax, reduces CVT &amp; Stamp Duty<\/a><\/p>\n\n\n\n<p>The government had announced a <a href=\"https:\/\/www.zameen.com\/forum\/discussions\/property_updates\/rawalpindi_property_transfers_on_hold-33150.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"reduction of CVT (opens in a new tab)\">reduction of CVT<\/a> and Stamp Duty down from 6% to 2%. The idea is to allow the businesses to recover rapidly in the wake of the economic slowdown caused by the lockdown measures. However, according to the realtors, the registration offices have also been closed due to the lockdown which has meant that property transfers are not being registered. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-waives-off-property-tax-for-three-months.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Punjab govt waives off property tax for three months (opens in a new tab)\">Punjab govt waives off property tax for three months<\/a><\/p>\n\n\n\n<p>The real estate stakeholders have called for an immediate\nopening of the transfer registration offices and the issuance of notification\nso that the realtors could fully benefit from the announcements. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: Real estate stakeholders within the city currently await the official notification regarding a reduction in Capital Value Tax (CVT) and Stamp Duty rates recently announced by the Punjab government as a part of its incentives package to facilitate the construction industry \u2013 because of which property transfers have mostly been put on hold in Rawalpindi and other provincial urban centres, a news source reported. Read: Punjab defers Property Tax, reduces CVT &amp; Stamp Duty The government had announced a reduction of CVT and Stamp Duty down from 6% to 2%. The idea is to allow the businesses to recover rapidly in the wake of the economic slowdown caused by the lockdown measures. However, according to the realtors, the registration offices have also been closed due to the lockdown which has meant that property transfers are not being registered. Read: Punjab govt waives off property tax for three months The real estate stakeholders have called for an immediate opening of the transfer registration offices and the issuance of notification so that the realtors could fully benefit from the announcements.<\/p>\n","protected":false},"author":57,"featured_media":60282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[26332,26331],"persona":[],"class_list":{"0":"post-64134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-cvt-awaited-for-resumption-of-property-transfers-in-rawalpindi","9":"tag-notification-on-stamp-duty","10":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Notification on CVT, Stamp Duty awaited - Zameen News<\/title>\n<meta name=\"description\" content=\"Rawalpindi: Real estate stakeholders within the city currently await the official notification regarding a reduction in Capital Value Tax (CVT) and Stamp\" \/>\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\/notification-cvt-stamp-duty-awaited.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Notification on CVT, Stamp Duty awaited - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Rawalpindi: Real estate stakeholders within the city currently await the official notification regarding a reduction in Capital Value Tax (CVT) and Stamp\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/notification-cvt-stamp-duty-awaited.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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