For Mirpur residents, the FBR return covers income and assets connected with Pakistan proper. This page explains what to include and how British-funded property is shown.
The Usual Entries for a Mirpuri Household
A Mirpur family's FBR return is often shorter than people fear. The common entries are rent from a flat or house in Rawalpindi, Islamabad or Gujar Khan; profit on savings held in a bank branch in Pakistan proper; and, in a year when property in Pakistan proper is sold, the sale itself. Income that arises in Mirpur, such as rent from a shop on Allama Iqbal Road or profit from a business in the city, is reported to Azad Kashmir's tax office rather than to FBR.
Houses Funded from Bradford and Birmingham
The large houses around Mirpur, Dadyal and Chakswari are mostly built with money sent from the UK. FBR's wealth statement asks who owns each asset and where the money came from. If a father in Mirpur owns the house, it is his asset and his sons' transfers are his receipts. If a son living in Britain owns it, it belongs in the son's own Pakistani return, not the father's. Mixing these up is the most common reason Mirpuri families receive questions about their wealth statements.
Land Lost Under Mangla Lake
Families whose land went under the lake when the dam was raised received compensation and new plots. Compensation for land taken compulsorily is treated differently from a voluntary sale, and the plots received are shown at their recorded value.
Selling a Plot in Pakistan Proper
The seller pays advance tax under section 236C at transfer; the return shows the sale price, original cost and gain.
Consistency with AJK's Office
What is shown to AJK's tax office and to FBR about the same assets should match.
Also see NTN registration in Mirpur.
Frequently Asked Questions
Is rent from a Mirpur shop in my FBR return?
It is reported under AJK's system, though the shop appears in the wealth statement.
Whose wealth statement shows a house paid for by my son in the UK?
The person who owns it.
Is Mangla compensation income?
Compensation for compulsory acquisition is treated differently from a sale.