Also explain how the Government of Pakistan can facilitate the development of

Also explain how the government of pakistan can

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Pakistan? Also explain how the Government of Pakistan can facilitate the development of REITs in future. The challenges encountered in launching of the REIT were even more daunting. Transfer taxes that accrued on the transfer of a property to the REIT scheme were quite high, reaching around 5 per cent– 6 per cent of the value of the property. If the property was transferred on the basis of valuation tables, taxes would amount to about PKR 225 million, while if it was transferred on the transaction value basis, taxes would amount to as high as PKR 1 billion, making the transaction unfeasible. To facilitate the launch of DCR, the first REIT Scheme in Pakistan, the government of Sindh approved concessionary tax rates on property transfer to the REIT, which made the transaction feasible. 4. Analyse whether the Dolmen City REIT (DCR) offers investors an attractive investment revenue in the real estate sector of Pakistan. The Dolmen City REIT scheme proposes to distribute at least 90% of its income as dividends to its Unit holders on an annual basis.
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  • Spring '16
  • Real Estate Investment Trust

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