If you earn income from renting property or selling real estate in Pakistan, you’re legally required to declare and pay income tax under FBR rules. Don’t worry — it’s simpler than you think, especially with FilerNow on your side!
Whether you’re a landlord or property investor, filing your property income tax accurately avoids FBR penalties and helps you stay ATL-listed.
Rental Income Tax Rules
- Tax is withheld at source by tenants or paid annually.
- Rates depend on gross annual rent and property type.
- Expenses like repair, insurance & interest on home loan may be deductible.
Capital Gains Tax (CGT) on Property Sale
- If you sell property within 4 years, CGT applies.
- CGT rates depend on holding period & property type.
- Properties held >4 years often get full exemption.
Required for Filing:
- CNIC & proof of ownership
- Rental agreement or sale deed
- Utility bills or tenant payment slips
- Property valuation (optional)
FAQs – Property & Rental Income Tax in Pakistan
1. Do I need to file tax if my only income is rent?
Yes, rental income is taxable. FilerNow helps you file properly.
2. What are the current CGT rates?
Capital gains tax depends on how long you held the property. FilerNow calculates this for you.
3. Can I reduce rental tax legally?
Yes, by deducting property expenses. Let our experts help.
4. What happens if I don’t declare property income?
FBR can issue penalties or notices.
👉 See FBR Notice Help
5. How can I become an ATL filer with property income?
Just file your return and join ATL via FilerNow’s service.