Immovable Property

Question 1

Withholding from Seller and Buyer of Property

Answer 1

Seller-236C – 1% of Consideration; Not applicable property holding>4 years; First sale by original allottee or dependent of Shaheed/Govt employee. MTR-if sales/purchase within same year otherwise NTR

Purchase – 236K– 1% of FMV; Not Govt scheme for expats. NTR/Adjustable

Question 2

Regimes - Property W/H

Answer 2

Seller of Property same year (purchase/sale) - MTR

All other NTR

Holding > 4 yrs - No deduction

Question 3

What are values subject to WH rate in the case of

Sales?

Purchase?

Answer 3

Sales - Consideration

Purchase - FMV