Luxury Property Tax

Question: What is luxury property tax?


Any property of an area 2 kanal and above that has been categorized under a) the Punjab Urban Immoveable Property Tax Act, 1958 (V of 1958); (b) a cantonment under the Cantonment Act, 1924 (II of 1924); and (c) any other area within the Province as notified by the Government shall pay in addition to any tax charged under any other law a luxury property tax.