Capital Gains Tax (CGT)

Capital Gains Tax (CGT) is applied to the profit you make when selling a non-inventory asset that has increased in value. In Pakistan, the most common assets subject to CGT are real estate and securities (like shares on the PSX).

The New Finance Act 2024 Rules

The government introduced major changes effective from July 1, 2024:

• Flat Rate: A flat CGT rate of 15% is now applied to properties and securities acquired on or after July 1, 2024, for individuals on the Active Taxpayers List (ATL).
• Holding Period Eliminated: For new acquisitions, the old system where tax reduced to 0% over several years has been eliminated. The 15% flat rate applies regardless of how long you hold the asset.
• Non-Filer Penalty: Non-filers are subjected to significantly higher tax slabs, which can reach up to 45%.

What about properties bought before July 2024?

If you acquired property before July 1, 2024, you are still protected under the old rules. Under the previous regime, the tax rate scales down depending on your holding period (e.g., dropping to 0% after 2 years for flats, 4 years for constructed properties, and 6 years for open plots).

Disclaimer: Tax laws are complex and subject to change. This calculator provides estimates based on the flat 15% Filer / 45% Non-Filer standard for new assets. Always consult a tax professional for exact figures.