WHT on immovable property sales surges 56.9pc

According to Business Recorder, the Federal Board of Revenue collected considerably more withholding tax on property transfers in fiscal year 2025-26. Receipts under this head climbed 56.9 percent, adding Rs66.7 billion over the July-June period of the previous year. Among the main withholding heads cited, property sales posted the sharpest proportional rise.

FBR figures for the full year show that contracts, imports, property sales, dividends and salaries were the major sources of withholding receipts. Contract-related collections under section 153 rose 22.3 percent, or Rs162.3 billion, while import collections under section 150 increased 16.5 percent, or Rs69.5 billion.

Dividend withholding under section 149 grew 18.5 percent to add Rs30.0 billion, and salary-related withholding rose 3.8 percent, or Rs23.0 billion. Property sales themselves were collected under section 236C of the Income Tax Ordinance 2001.