Legal Question in Real Estate Law in Pakistan
In the new Budget-2012-13, the Government has imposed Capital Gain Tax on sale & purchase of property. Please advise who would pay this tax, seller or buyer of property?
Asked on 6/15/12, 8:32 am
1 Answer from Attorneys
Adnan Bashir
A B Choudry Law Firm
as a routine matter all taxes will have to paid by the purchaser.. although C.G.T is imposed on seller. it is 0.5 if resold within two years.
Answered on 9/20/12, 10:31 pm
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