pakistan
Tax on inherited property proposed
Key takeaways
- Add ARY News on Google AAResize ISLAMABAD: The Federal Board of Revenue (FBR) of Pakistan proposed imposing capital gains tax on the sale of inherited properties.
- The proposal was floated by FBR officials in a meeting of the National Assembly’s Standing Committee on Finance, chaired by committee chairman Syed Naveed Qamar.
- The FBR authorities briefed the participants that the value of the inherited property will be assumed to be the market value on the day of the owner’s death.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: The Federal Board of Revenue (FBR) of Pakistan proposed imposing capital gains tax on the sale of inherited properties.
The proposal was floated by FBR officials in a meeting of the National Assembly’s Standing Committee on Finance, chaired by committee chairman Syed Naveed Qamar.
The FBR authorities briefed the participants that the value of the inherited property will be assumed to be the market value on the day of the owner’s death.
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