Form IT-5 "Application to the Registering/Transferring Authority for Sale/Transfer of Immovable Property" - Pakistan

Form IT-5 or the "Application To The Registering/transferring Authority For Sale/transfer Of Immovable Property" is a form issued by the Government of Pakistan Federal Board of Revenue.

Download a PDF version of the latest Form IT-5 down below or find it on the Government of Pakistan Federal Board of Revenue Forms website.

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Download Form IT-5 "Application to the Registering/Transferring Authority for Sale/Transfer of Immovable Property" - Pakistan

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FEDERAL BOARD OF REVENUE
IT-5
APPLICATION TO THE REGISTERING/TRANSFERRING AUTHORITY
FOR SALE/TRANSFER OF IMMOVABLE PROPERTY
(Legal Size)
( Note : This form can be downloaded from FBR's website at http://fbr.gov.pk )
(For extra sheets)
Part-1 Particulars and declaration of the Seller(s)
1
of
Sheet
2
To : The Registering/Transferring Authority of immovable property:
Date :
3
Province:
District
4
Tehsil
Town
Housing Authority
5
I/We want to sell our immovable property to the party(ies) who's particulars are given in Part-2 whereas the
particulars of the said immovable property are given in Part-3 below:
%age
Seller
6
Sr.
Name of Seller(s) & Owner(s)
CNIC/NTN/PP No. of Seller (s)
Share
Type (*)
1
2
3
Part-2 Particulars of the Buyer(s)
%age
Buyer
7
Sr.
Name of Buyer(s)
CNIC/NTN/PP No. of Buyer (s)
Share
Type (*)
1
2
3
(*) Type : O => Owner, A => Attorney
(Provide details of all owners and sellers even if the property is sold/purchased through Attorney)
Part-3 Location & Particulars of the property
8
Type
Commercial
Residential
Agricultural
9
Status
Building
Flat
Plot
Land
10
Land Size
_____ Acre(s) _____ Kanal(s) _____ Marla(s) _____ Sarsai(s) _____ Sq. Yard _____ Sq Ft.
11
Covered Area
In case of Flat & Constructed Land, covered area must be provided
Sq. Yards
Sq. Ft.
12
Location
Plot / House / Flat / Shop/ Office No.
Street / Lane etc. No.
Sector / Phase / Mohalla/ Block etc.
Khasra/Khewat/Acre/etc. No.
13
Province
District/Tehsil/Housing Society
Part-4 Value of Property & Tax Computation
(Amounts in Pak Rupees)
Date of Purchase/Acquisition
Date
14
by the Current Seller
of Sale/Transfer
15
Sale Price /Value
16
Is Capital Gains Tax applicable
Yes
No, because property is sold after two (2) years of purchase
No, because the seller is a Government Department
17
If answer to Sr-16 is Yes, then Withholding Tax Payable @ 0.5% = [ Sr-15 * 0.5/100 ]
18
Amount of withholding taxpayable in words
`
Part-5
Declaration by Property Seller/Transferrer
-
-
19
I,
bearing CNIC No.
as principal seller hereby declare that the particulars given above are correct to the best of my knowledge and
that the withholding tax computed at Sr-17 above has been deposited in the NBP/ SBP vide CPR (copy attached);
Before submitting this form to the Registering/Transferring authority, NBP/SBP is requested to issue a CPR.
This application is submitted along with other required documents for transfer of the above stated property.
20
CPR No.
21
Date:
Signature of Seller
22
Note : NBP/SBP shall attach this application with the CPR to be sent to the Regional Tax Office concerned
Part-6 (FOR OFFICIAL USE OF REGISTRATION/TRANSFERRING AUTHORITY)
23
Transfer registered at Sr. No. ____________, vide Registration No. _____________ of the Financial Year _______
on (date) _________________ by ensuring that an amount of Rs. _________________ has been paid by the seller as
withholding tax u/s 236C of the Income Tax Ordinance 2001 vide Bank CPR No referred above. Copy duly signed and
stamped has been placed in the official record and one copy sent to the Regional Tax Office concerned.
24
Official Seal of the Authority
Signature of Registration Authority
Distribution : 1) Original for Registering/Transferring authority
2) Seller
3) Buyer
4) Concerned Regional Tax Office of FBR
FEDERAL BOARD OF REVENUE
IT-5
APPLICATION TO THE REGISTERING/TRANSFERRING AUTHORITY
FOR SALE/TRANSFER OF IMMOVABLE PROPERTY
(Legal Size)
( Note : This form can be downloaded from FBR's website at http://fbr.gov.pk )
(For extra sheets)
Part-1 Particulars and declaration of the Seller(s)
1
of
Sheet
2
To : The Registering/Transferring Authority of immovable property:
Date :
3
Province:
District
4
Tehsil
Town
Housing Authority
5
I/We want to sell our immovable property to the party(ies) who's particulars are given in Part-2 whereas the
particulars of the said immovable property are given in Part-3 below:
%age
Seller
6
Sr.
Name of Seller(s) & Owner(s)
CNIC/NTN/PP No. of Seller (s)
Share
Type (*)
1
2
3
Part-2 Particulars of the Buyer(s)
%age
Buyer
7
Sr.
Name of Buyer(s)
CNIC/NTN/PP No. of Buyer (s)
Share
Type (*)
1
2
3
(*) Type : O => Owner, A => Attorney
(Provide details of all owners and sellers even if the property is sold/purchased through Attorney)
Part-3 Location & Particulars of the property
8
Type
Commercial
Residential
Agricultural
9
Status
Building
Flat
Plot
Land
10
Land Size
_____ Acre(s) _____ Kanal(s) _____ Marla(s) _____ Sarsai(s) _____ Sq. Yard _____ Sq Ft.
11
Covered Area
In case of Flat & Constructed Land, covered area must be provided
Sq. Yards
Sq. Ft.
12
Location
Plot / House / Flat / Shop/ Office No.
Street / Lane etc. No.
Sector / Phase / Mohalla/ Block etc.
Khasra/Khewat/Acre/etc. No.
13
Province
District/Tehsil/Housing Society
Part-4 Value of Property & Tax Computation
(Amounts in Pak Rupees)
Date of Purchase/Acquisition
Date
14
by the Current Seller
of Sale/Transfer
15
Sale Price /Value
16
Is Capital Gains Tax applicable
Yes
No, because property is sold after two (2) years of purchase
No, because the seller is a Government Department
17
If answer to Sr-16 is Yes, then Withholding Tax Payable @ 0.5% = [ Sr-15 * 0.5/100 ]
18
Amount of withholding taxpayable in words
`
Part-5
Declaration by Property Seller/Transferrer
-
-
19
I,
bearing CNIC No.
as principal seller hereby declare that the particulars given above are correct to the best of my knowledge and
that the withholding tax computed at Sr-17 above has been deposited in the NBP/ SBP vide CPR (copy attached);
Before submitting this form to the Registering/Transferring authority, NBP/SBP is requested to issue a CPR.
This application is submitted along with other required documents for transfer of the above stated property.
20
CPR No.
21
Date:
Signature of Seller
22
Note : NBP/SBP shall attach this application with the CPR to be sent to the Regional Tax Office concerned
Part-6 (FOR OFFICIAL USE OF REGISTRATION/TRANSFERRING AUTHORITY)
23
Transfer registered at Sr. No. ____________, vide Registration No. _____________ of the Financial Year _______
on (date) _________________ by ensuring that an amount of Rs. _________________ has been paid by the seller as
withholding tax u/s 236C of the Income Tax Ordinance 2001 vide Bank CPR No referred above. Copy duly signed and
stamped has been placed in the official record and one copy sent to the Regional Tax Office concerned.
24
Official Seal of the Authority
Signature of Registration Authority
Distribution : 1) Original for Registering/Transferring authority
2) Seller
3) Buyer
4) Concerned Regional Tax Office of FBR