“The Capital Development Authority (CDA) Introduces New Property Taxes in Islamabad”

The Capital Development Authority (CDA) in Islamabad has announced a series of new taxes on real estate properties across the city, affecting various types of properties including plots, farmhouses, and commercial establishments. According to the notification issued by the CDA, owners of 140 square yards plots in sectors and housing societies like Shehzad Town, Margala Town, and Rawal Town will now be required to pay a tax of Rs24,000. Additionally, owners of farmhouses spanning eight kanals will face a property tax of Rs180,000, while those with larger farmhouses measuring between 90 to 120 kanals will be taxed Rs442,000. Commercial properties located in the prestigious blue area will also see tax adjustments, with rates set at Rs32 per square foot for ground floors, Rs22 per square foot for basements, and Rs26 per square foot for residential apartments. Furthermore, property taxes for private hospitals will amount to Rs22 per square foot, while petrol pumps and CNG stations will face a tax of Rs180 per square yard. Marquees and marriage halls will be taxed at Rs13 per square foot. These new taxes mark a significant adjustment in the property tax structure in Islamabad and are expected to impact property owners and businesses across various sectors in the city.

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