Suppose you bought a plot for Rs 20,000,000 after 1 July 2024 and sell it for Rs 32,000,000 while on
the active taxpayer list as a filer. The taxable gain is the sale price less the purchase price,
which is Rs 12,000,000. For filers on property acquired in this window, a flat 15% applies no matter
how long you held it, so the CGT is 15% of Rs 12,000,000, which is Rs 1,800,000. That leaves a net
gain of Rs 10,200,000 after tax. A non-filer on the same gain would pay progressive rates that climb
with the size of the gain, starting at 15% and rising on the slabs above 5 million, so staying on the
filer list is what keeps the rate flat at 15% here.
Item
Amount (PKR)
Purchase price
Rs 20,000,000
Sale price
Rs 32,000,000
Taxable gain
Rs 12,000,000
CGT at 15% (filer)
Rs 1,800,000
Net after CGT
Rs 10,200,000
How it is calculated
The taxable gain is the sale price minus the purchase price, floored at zero so a loss shows no tax.
For property acquired on or after 1 July 2024, the rule splits sharply by filer status. A filer on
the active taxpayer list pays a flat 15% of the gain regardless of holding period, so the tool simply
multiplies the gain by 0.15. A non-filer instead pays progressive rates that rise with the gain,
15% on the first slab, then higher rates on gains above 5 million, 10 million and 15 million, applied
band by band rather than as a single rate. The net figure is the gain minus the CGT due. This tool
covers the post-July 2024 regime, so older holdings that still use holding-period taper rates are
handled by the separate CGT holding period calculator.
Frequently asked questions
How is property CGT taxed in Pakistan after July 2024?
For immovable property acquired on or after 1 July 2024, an active-taxpayer-list filer pays a flat 15% on the gain regardless of how long the property was held. A non-filer pays progressive rates that rise with the size of the gain, starting at 15% and climbing on larger gains. The gain is the sale price less the purchase price and allowable costs.
Does the holding period affect CGT on property acquired after 1 July 2024?
No. For property acquired on or after 1 July 2024, the holding period no longer reduces the CGT rate for filers. The flat 15% applies whether you sell after one year or ten years. The holding-period taper that reduced rates for longer-held property applied to acquisitions before that date and is handled by the separate CGT holding period calculator.
What is the difference between CGT and section 7E deemed income on property in Pakistan?
CGT under this calculator applies when you actually sell a property and is charged on the gain. Section 7E is a separate deemed-income charge on the capital value of residential property you hold but do not rent out, charged annually rather than on sale. The two can both apply to the same owner in the same year, so check your section 7E position separately.
Can a capital loss on one property reduce the CGT on a gain from another?
Under Pakistani tax rules, a capital loss on the disposal of an asset can generally be set off against capital gains in the same tax year, subject to the conditions in the Income Tax Ordinance. Losses that exceed gains in the year may be carried forward. Confirm the set-off and carry-forward rules with the FBR or a tax adviser, as the interaction with different asset classes is not straightforward.