Real Estate stakeholders have asked the government to reduce the taxes on property transactions through budget 2019-20. Which will offset the ongoing pandemic caused by COVID-19 in real estate sector of the country.

The negotiation on this request from stakeholders are under process between federal government and federal board of revenue (FBR).

For a plot sold within 8 years of its purchase the CGT (Capital Gains Tax) is 20% so the realtors have suggested that the duration must be reduced from 8 years to 3 years.