478

S.No Holding Period Rate of Tax

Open Plots Constructed Flats

Property
(1) (2) (3) (4) (5)
1. Where the holding period 15% 15% 15%
does not exceed one year
2. Where the holding period 12.5% 10% 7.5%
exceeds one year but does
not exceed two years
3. Where the holding period 10% 7.5% 0
exceeds two years but does
not exceed three years
4. Where the holding period 7.5% 5% -
exceeds three years but
does not exceed four years
5. Where the holding period 5% 0 -
exceeds four years but does
not exceed five years
6. Where the holding period 2.5% - -
exceeds five years but does
not exceed six years
7. Where the holding period 0% - -]
exceeds six years

1[Division VIIIA
TAX ON BUILDERS
The rate of tax under section 7C shall be as follows:

(A) Karachi, Lahore (B) Hyderabad, Sukkur, (C) Urban Areas not
and Islamabad Multan, Faisalabad, specified in A and B
Rawalpindi, Gujranwala,
Sahiwal, Peshawar,
Mardan, Abbottabad,
Quetta

For commercial buildings

Rs. 210/ Sq Ft Rs. 210/ Sq Ft Rs. 210/ Sq Ft

For residential buildings

1
Inserted by the Finance Act, 2016.