ISLAMABAD, July 17 (TNS): In a major development, Federal Board of Revenue (FBR) vowed to proceed against individuals who own immovable properties in the United Kingdom.
“The FBR obtains information in respect of immovable properties owned by Pakistanis in the United Kingdom with the assistance of OECD (Organization for Economic Cooperation and Development) and UK Tax Authorities,” a brief statement issued by the FBR said.
It stated that the information was being analyzed “for taking further action”.
This information would largely be related to details of the bank accounts, according to FBR officials.
Press Release
