According to the Finance Act 2023-24, you can resell your property without paying capital gains tax (CGT) in Pakistan after 6 years for plots and 4 years for houses and built-up properties.
However, there are a few exceptions to this rule:
If you are unsure whether or not you will be liable to pay CGT when you resell your property, it is always best to consult with a tax advisor.
Here are some tips to avoid paying CGT on your property in Pakistan:
In Pakistan, you can sell property without capital gains tax after 6 years for plots and 4 years for houses. Exceptions: immediate sale if inherited, or if property was your main residence for over 4/6 years. Unforeseen circumstances may qualify for tax exemption. Tips: hold for required period, use as primary residence, consult a tax advisor for personalized advice.
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