Ask a Question

Capital Gain on Inhertited House

0 votes
in Income Tax – Individuals & AOPs by (30 points)
edited by
I had inherited the house after Father’s death. The inheritance process was completed in 2022. Father purchased that 50 years ago. I haven’t mentioned the inheritance in return yet. We sold the house in Jan 2025. Will it be subject to capital gains tax? And if yes, what will be rate of tax? The amount was divided between 2 brothers and the mother.

1 Answer

0 votes
by (25.1k points)
Inhereted property is not subjected to Capital Gain Tax, other transfer taxes and duties will apply.

Related questions

0 votes
1 answer
Capital gain tax on gifted property.
asked Sep 7, 2025 in General & Community Guidelines by anonymous

429 questions

439 answers

92 comments

1.8k users

Ask TaxationPk is a dedicated question-and-answer platform where individuals, professionals, and business owners can ask tax-related questions and receive accurate, timely responses from a knowledgeable community — including tax experts, practitioners, and experienced filers.

Whether you're confused about income tax, property tax, sales tax, withholding tax, digital services tax, or FBR compliance — this is the place to get clarity.

Ask your questions: Get answers on anything related to Pakistan’s tax laws, return filing, NTN, FBR notices, exemptions, and more.

Browse previous discussions: Explore a growing archive of commonly asked questions and expert answers, curated to help you learn from real scenarios.

Contribute and engage: If you’re a tax professional or an experienced filer, share your knowledge and support others in the community.

Advertise your business and grow your reach with premium ad space on our website.
Powered by eBrain
Launched by: TaxationPk
...