Taxation of immovable property – Opinion – Business Recorder
Subscribing is the best way to get our best stories immediately. The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the Ordinance”] and for the first time levied capital gains tax (CGT) on disposal of immovable property. Punjab Assembly reintroduced CGT in the Finance Act 2013 [abolished … Read more