Recent research about investment in DHA Lahore shows that DHA Lahore has dependably remains the name of trust for abroad and financial specialists. Investors and end clients dependably get 20 to 30% profit (ROI) return of their investment annually. Both short term and long tram investment in DHA gave promising prizes previously. DHA offers investment safety and is a standout amongst the most encouraging avenues of investment over the city. In the present situation, I would propose individuals consider Phase VII/VIII and Prism 9 for investment purpose.
However, professional say that development work is relatively finish in Phase VIII and possession is normal in Jan/Feb 2017. In the event that you contrast this stage and Phases V or VI, you will understand that costs in Phase VIII are still at Lower Side.
Prism 9, then again, will be the best period of DHA Lahore regarding advancement, arranging and approach. Along these lines, this stage merits considering for investment. Every single theoretical market move in cycles, and the real estate market in no exemption.
The correct approach in the present market condition is to put resources into DHA Lahore in developing phases and areas close Ring road. These investments in DHA Lahore will convey on the guaranteed quality and as well timelines of possession.
Has budget affect the property sector in 2016-17 and how much?
Let we start comparison of previous and current given rates by the Government and analyze it accordingly.
We see from the previously mentioned table the distinction on exchange of one Kanal plot (past and current rates of DHA Phase I) is Rs.194, 400. Average ascent in one kanal Plot in DHA developing phase like stage VI/V/VIII is going to 20% to 30% e.g. Average rates of plot in phaseVI, B Block in 2015 December was 18.5 M to 19.5. Presently the present cost is around 21.1 M to 23.5 M. Rise is very nearly 15% to 20%. Presently considering the ascent in cost of property the charges is by all accounts quite normal.
From previous ones, rise in Dc rates are 20% to 30%. CVT and Stamp duty will be calculated on DC Rates.
Fair Market Value/FBR Value
FBR value/ Fair market value, both are the same thin and this is the new price introduced by FBR. It’s a price that that is between DC rates and the actual market value so an average rate is decided for that particular area i.e. Fair Market Value/FBR Value. 1% CGT for filer and 2% CGT for non-filer will be calculated on FBR value
4% advance tax for non-filer and 2% Advance tax for filer will be calculated on FBR value. Previous values were 1% and 2% respectively.
CGT (Capital Gain Tax)
This is the most significant problem in the complete scenario of taxes. Here we have to understand the standards and how we have to pay the CGT.
Current CGT 1% for filer 4% for non-filer
Previous CGT 1% for filer 2% for non-filer
If a seller sale the property within
- One year than CGT is 10%
- Two years than CGT is 7.5%
- Three years than CGT is 5%
- More than three years – NO CGT
CGT is actually calculated on actual gain/actual profit. If we bought the property (1 Kanal Plot DHA Phase I) in the year 2016 and sale out in 2017 (within one year) then it will be calculated as follows:
- FBR/Fair Market Value 2016 = 13,440,000/- (1 Kanal)
- FBR/Fair Market Value (approx. rate in 2017 decided by FBR) =15,000,000/-(1 Kanal)
- FBR value 2016 – FBR Value 2017 =1,560,000/- (Actual Gain)
CGT 10% on first year =1,560,000 x10/100
CGT 7.5% on 2nd year
CGT 5% on 3rd year
More than 3 years (exempted)
It is especially for filers when they file their return in FBR they will pay the CGT accordingly that is quiet nominal and evident from the all above mentioned calculations. Hence, this discussion is all about Investment in DHA Lahore.