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Office No 01, A&K Plaza, F-10/3, Islamabad

Federal Government Imposes Capital Value Tax on Farmhouses 

federal government

The federal government has decided to impose a capital value tax on farmhouses and large residential properties in Islamabad.

According to the Finance Bill 2024-25, the new tax measures include:

– A capital value tax of Rs 5 lakh on farmhouses ranging from 2,000 to 4,000 square yards.

– A capital value tax of Rs 10 lakh on farmhouses larger than 4,000 square yards.

– A capital value tax of Rs 10 lakh on residential houses between 1,000 and 2,000 square yards.

– A capital value tax of Rs 15 lakh on residential houses exceeding 2,000 square yards.

These taxes aim to increase government revenue and ensure a fair contribution from owners of larger properties.

Read more: FBR to Set Up 145 District Tax Offices All Over Pakistan