1. Property Purchase Tax (Buyer) – Section 236K
| Property Value | Filer | Non-Filer |
|---|---|---|
| Up to 5 Crore | 1.5% – 2% | 10.5% – 12% |
| 5–10 Crore | 2% | 14.5% |
| Above 10 Crore | 2.5% – 3% | 18.5% |
Example:
If you buy a 1 Crore plot:
2. Property Sale Tax (Seller) – Section 236C
| Category | Filer | Non-Filer |
|---|---|---|
| Sale Tax | ~3% | ~10% |
Non-filer pays 3x more tax when selling property
3. Capital Gains Tax (CGT)
| Holding Period | Filer | Non-Filer |
|---|---|---|
| Short-term | Lower slabs (approx 15%) | Up to 45% |
| Long-term | Reduced / may become 0% | Still higher |
Huge difference especially in flipping property
4. Annual Property Tax (Holding Tax)
- Depends on Sindh Government / Karachi municipality
-
Usually based on:
- Covered area
- Location (DC rates)
-
Difference:
- Filers may get minor relief
- Non-filers may face higher penalties or no benefits
Key Differences (Important)
| Factor | Filer | Non-Filer |
|---|---|---|
| Buying tax | Low (1.5%–3%) | Very High (10%–18.5%) |
| Selling tax | ~3% | ~10% |
| CGT | Lower | Very high |
| Property restrictions | Allowed | Restricted in many cases |
| Overall cost | Affordable | Very expensive |
Simple Conclusion
- Filer = Save Lakhs (Best choice)
- Non-Filer = Pay 3x to 5x more tax
Example (Real Impact):
On a 1 Crore property, non-filer may pay 8–10 lakh extra tax.
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