after how may years i can resell my property without paying tax
If you have inherited the property, you can resell it immediately without paying CGT.
If you have used the property as your primary residence for more than 4 years (for houses and built-up properties) or 6 years (for plots), you can resell it immediately without paying CGT.
If you have sold the property due to unforeseen circumstances, such as a medical emergency or a job transfer, you may be eligible for a tax exemption.
If you are unsure whether or not you will be liable to pay CGT when you resell your property, it is always best to consult with a tax advisor.
Here are some tips to avoid paying CGT on your property in Pakistan:
Hold on to your property for at least 6 years (for plots) or 4 years (for houses and built-up properties) before reselling it.
Use the property as your primary residence for as long as possible.
If you have to sell the property before the holding period is over, try to claim a tax exemption.
Consult with a tax advisor to get personalized advice.
Eum velit asperiores autem et at occaecati nihil cupiditate. Voluptatem corporis aut cum voluptas. Sed et dolores explicabo omnis rerum. Cum ut quia officiis delectus. Nihil qui possimus explicabo et commodi voluptatum nam. At qui quia expedita perferendis nulla sapiente. Ut explicabo perferendis eos pariatur maxime.
Esse nihil quaerat et veniam ut doloribus quis. Est sunt dolorum dolore magnam sapiente minus. Magnam omnis rerum libero voluptatem reiciendis.
Est consectetur labore dolor possimus odio eum maiores numquam. Deleniti facilis est cupiditate et accusantium velit. Vero doloribus dolores expedita hic voluptate atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...