1. Filers will be able to register property after paying a maximum 1pc of the property's self declared value.
2. Non-filers will be unable to buy property valued over Rs. 4 Millions.
3. The federal government will be able to buy any land or property for double its declared value within six months of the property's registration in order to curb the practice of undervaluation of the property, mostly relying in the DC rates.
4. Non-filers will also be unable to make any cash deposits to their foreign currency accounts.
Will discuss its impact shortly.
The Assets Consultants
Office # 1, Plot # 45-D, Muslim Street # 1
Muslim Commercial Area, DHA Phase VI