FBR Amnesty Scheme on Buying Properties without Disclosing Investment Sources to Expire Soon
The amnesty scheme for the construction industry, which permitted investors to invest in FBR-registered real estate projects without revealing their investment sources, will come to a close on March 31, 2023, as announced by the Federal Board of Revenue (FBR). The scheme has been instrumental in generating record-breaking revenue for the national economy, with billions of rupees in construction industry transactions. Despite its success, no extension of the scheme has been announced.
What Projects are Available with this Amnesty Tax Scheme?
Wit the FBR’s tax amnesty scheme, several high-end and majorly sought-after real estate projects are now present in Lahore. These include, among many others:
- Amanah Mall
- Noor Serviced Apartments
- Defence View Apartments
- Grand Square Mall
- Expo Gold
- Gulberg City Center
- Jinnah Square Residential Apartments
- Madison Square Mall.
These projects have been develop using state-of-the-art construction practices. By providing residents and shoppers with a unique experience in Lahore.
Through the amnesty scheme, potential real estate investors were able to attain top-engaged properties without revealing the sources of their investments, leading to billions of transactions in the construction industry. This scheme is schedule to expire on March 31, 2023. However, no further extension has yet been announce.
Final Words:
According to the authentic sources this will be the last opportunity for the real estate investors to secure a higher ROI property asset without indulging to disclose your money trail sources. For latest property news and updates keep visiting www.nexthome.pk or dial 0304-111-0309 for any property related consultancy and query.