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What is the rate of CGT on inherited Property as per Federal Budget FY 2024-25?

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in Withholding Tax (WHT) by (20 points)

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Capital Gains Tax and its rates depends on the holding period of the property. If the property was originally bought after July 2024 then then the rates are 15%.

However, if it was purchased before July 2024 then it will depend on when exactly the property was bought. You can see the capital gains tax rates for more details.

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As per the Pakistan Federal Budget 2024-25, here is the summary of Capital Gains Tax (CGT) on inherited property:

 * Tax Trigger: Inheritance itself is not taxed. You only pay CGT when you sell the inherited property.

 * Holding Period: The time you own the property is calculated from the date the original owner (deceased) bought it, not when you inherited it.

In short: If the original owner bought the property more than 6 years ago (and it's a plot) or 4 years ago (for a house), a Filer pays 0% tax on the sale. For newer properties, Filers pay a flat 15%.

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