{"id":66476,"date":"2020-06-10T18:03:24","date_gmt":"2020-06-10T13:03:24","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66476"},"modified":"2020-06-11T18:04:20","modified_gmt":"2020-06-11T13:04:20","slug":"re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html","title":{"rendered":"Re-evaluation of FBR rates for immovable properties on cards for Budget 2020-21 inclusion"},"content":{"rendered":"\n<p>Islamabad: The officials concerned on Tuesday revealed that the Federal Board of Revenue (FBR) was working on raising the valuation rates of immovable properties for inclusion in Budget 2020-21, a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-to-revise-valuation-tables-in-21-cities.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to revise valuation tables in 21 cities<\/a><\/p>\n\n\n\n<p>Previously, the taxation agency had issued valuation tables of immovable properties in 21 major cities. They added that the FBR valuation rates notified were still considerably lower than the actual market value. For this reason, FBR intends to raise the rates to take these closer to the market value.<\/p>\n\n\n\n<p>Currently, FBR is <a href=\"https:\/\/www.zameen.com\/forum\/discussions\/laws_and_regulations\/revision_of_fbr_valuation_tables_for_immovable_properties-33353.html\" target=\"_blank\" rel=\"noreferrer noopener\">reviewing the existing valuation tables <\/a>as part of the ongoing budget exercise. Sources revealed that for this purpose, the chairman of the committee for updating the FBR valuation tables of immovable properties was conducting meetings with the stakeholders. These included Association of Builders &amp; Developers of Pakistan (ABAD).<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/property-tax-to-reduce-once-fbr-value-equalises-market-rate-minister-revenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">Property tax to reduce once FBR value equalises to market rate: Minister Revenue<\/a><\/p>\n\n\n\n<p>The sources have revealed that the budget exercise for FBR\u2019s revaluation of tables of immovable properties was at its peak on field formation levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The officials concerned on Tuesday revealed that the Federal Board of Revenue (FBR) was working on raising the valuation rates of immovable properties for inclusion in Budget 2020-21, a news source reported. Read: FBR to revise valuation tables in 21 cities Previously, the taxation agency had issued valuation tables of immovable properties in 21 major cities. They added that the FBR valuation rates notified were still considerably lower than the actual market value. For this reason, FBR intends to raise the rates to take these closer to the market value. Currently, FBR is reviewing the existing valuation tables as part of the ongoing budget exercise. Sources revealed that for this purpose, the chairman of the committee for updating the FBR valuation tables of immovable properties was conducting meetings with the stakeholders. These included Association of Builders &amp; Developers of Pakistan (ABAD). Read: Property tax to reduce once FBR value equalises to market rate: Minister Revenue The sources have revealed that the budget exercise for FBR\u2019s revaluation of tables of immovable properties was at its peak on field formation levels.<\/p>\n","protected":false},"author":68,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[28356,31378,4442,20111,15023],"persona":[],"class_list":{"0":"post-66476","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-budget-2020-21","9":"tag-details-on-re-evaluation-of-fbr-rates-for-immovable-properties-on-the-cards-for-budget-2020-21-inclusion","10":"tag-fbr-valuation-tables","11":"tag-immovable-properties","12":"tag-slider","13":"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>Re-evaluation of FBR rates for immovable properties on cards for Budget 2020-21 inclusion - Zameen News<\/title>\n<meta name=\"description\" content=\"The officials concerned revealed that FBR was working on raising the valuation rates of immovable properties for inclusion in Budget 2020-21.\" \/>\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\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Re-evaluation of FBR rates for immovable properties on cards for Budget 2020-21 inclusion - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The officials concerned revealed that FBR was working on raising the valuation rates of immovable properties for inclusion in Budget 2020-21.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-06-10T13:03:24+00:00","article_modified_time":"2020-06-11T13:04:20+00:00","og_image":[{"width":1100,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/FBR.jpg","type":"image\/jpeg"}],"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\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html"},"author":{"name":"Safina Sultan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0f7ad58ef43a9c16d70bfd31d586f512"},"headline":"Re-evaluation of FBR rates for immovable properties on cards for Budget 2020-21 inclusion","datePublished":"2020-06-10T13:03:24+00:00","dateModified":"2020-06-11T13:04:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html"},"wordCount":192,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/FBR.jpg","keywords":["Budget 2020-21","details on Re-evaluation of FBR rates for immovable properties on the cards for Budget 2020-21 inclusion","FBR valuation tables","immovable properties","slider"],"articleSection":["Legal &amp; 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