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Pakistan has introduced the 7E deemed rental income tax to tackle undeclared rental income and encourage economic activity through property investments. The tax targets properties valued above Rs. 2.5 crores, excluding primary residences, business premises, and properties owned by non-resident expatriates. With a 1% tax rate on values exceeding the exemption limit, the measure aims to dissuade investment in non-income generating assets and stimulate the real estate market towards productive investments. The government advises property investors to seek professional advice to navigate potential market changes and tax liabilities effectively.
Implications Of 7E Deem Tax On Different Properties | Deemed Rental Income Tax
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7E Deemed Rental Income Tax: Real Estate Strategy Guide
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TOPIC:
i) FBR Deemed Income Tax On Property
ii) Section 7e- Tax On Deemed Rental Income
iii) Tax On Deemed Property Income
iv) Property Tax In Pakistan 2024
v) Tax On Deemed Rental Income
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