Islamabad, The Capital Development Authority (CDA) has introduced substantial taxes on both commercial and residential properties in Islamabad. This move, detailed in a recent news update, outlines a structured tax imposition based on the size and type of properties, with charges ranging significantly depending on the property characteristics. Additionally, the Federal Board of Revenue (FBR) has instituted a new policy requiring a No Objection Certificate (NOC) for the transfer of properties valued at PKR 25 million or more.

According to Zameen.Com, the tax rates set by the CDA vary from PKR 24,000 for smaller residential properties to as high as PKR 442,090 for larger farmhouses, marking a significant shift in the capital's property taxation landscape. The introduction of these taxes is part of a broader effort to regulate the real estate market in Islamabad, ensuring compliance with regulatory standards and enhancing the city's infrastructure funding through increased tax revenues.

The FBR's decision to require a NOC for the transfer of high-value properties adds another layer of regulation, aiming to streamline property transactions and prevent fraudulent activities. This policy is expected to impact the dynamics of property sales and purchases in Islamabad, particularly affecting the luxury property market and high-value commercial real estate transactions.

These measures reflect the government's ongoing efforts to bring more transparency and order to the real estate sector, a crucial component of the country's economy. Property owners and potential buyers in Islamabad are now navigating these new regulations, which are likely to influence property values and transaction processes in the capital.