if one purchased a plot in Feb 2017 and construct a house on that plot and then sell it in tax year 2019 how the capital gain tax will be calculated. The house is located in DHA Phase 3 block Y.
- Altaf asked 5 years ago
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Dear Altaf,
You’ll have to pay 10% on top depending upon the completion. This 10% is on the profit which you’ll declare. Other than that 1% FBR value against the plot at the time of transfer. Depends what the FBR value is at that point in time.
Regards,
Umer Shehzad
- MannMortgageReno answered 5 years ago
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