ISLAMABAD: The Capital Development Authority (CDA) has imposed new taxes on the real estate properties in Islamabad, according to Geo News.
According to a recent announcement from the CDA, owners of 140 square yard plots in sectors and housing societies such as Shehzad Town, Margala Town, and Rawal Town are now subject to a tax of Rs24,000 each.
In addition, owners of farmhouses spanning eight kanals will face a property tax of Rs180,000, while those with farmhouses ranging from 90 to 120 kanals will be taxed Rs442,000 in Islamabad.
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The notification by the CDA outlines tax rates for various properties. Commercial properties in the blue area will incur taxes at Rs32 per square foot for the ground floor, Rs22 per square foot for basements, and Rs26 per square foot for residential apartments.
Furthermore, private hospitals will be taxed at Rs22 per square foot, petrol pumps and CNG stations at Rs180 per square yard, and marquees and marriage halls at Rs13 per square foot, as per the notification.
