Pakistan Real Estate Amnesty 2019 & New Taxes Explained With Their Impact On Prices

Let us Discusses Pakistan Real Estate Amnesty 2019 & New Taxes Explained With Their Impact On Prices By Sarfraz Hamid Properties June 2019

https://tribune.com.pk/story/1997538/2-govt-quietly-offers-tax-amnesty-realty-sector/

Please, also you must read this 2nd amnesty of real estate sectors for non-filers that everyone missed. I have shared the above news link that gives you some idea of 2nd real estate amnesty scheme too. In next year non-filers can buy any property. They can buy any property with any funds. Non-filers will pay only 4% tax on current market prices and no question will be asked for entire purchase source and no capital gains tax until your sale price above that amount. Keep in mind buying must be done on bank drafts only. Never buy any property on cash and if you do you will be fined 5% plus purchase price will be ZERO for tax purpose and hefty tax 35% at sale if even you sell at loss the property you bought with cash. SO NO NO NO to cash buying in future.

Huge break for the real estate sector for non-filers. They can buy a property with any black money. Pay 4% after July 1st 2019 0n any price purchases. Than after buying they can become tax filers. Entire purchase will become legal white money. No fear of FBR asking where you got this money for buying to a non-filer. Also trillions that are being whitened in real estate cash gold converted to cash registered bonds registered vehicles with find most of the money reinvested into real estate.

My point of view is always different from the entire market and to properly understand my logic of coming good days again in property in about one year at max are explained in above video in detail so please spare time to view understand share and spread my message so it can benefit millions of Pakistanis that are not able to understand complicated tax matters .

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