Real Estate Transactions Generate Over NPR 11 Billion in Revenue in Ashad
Summary
Real estate transactions in Nepal's Ashad month generated over NPR 11 billion, marking the highest revenue collection in the fiscal year 2082/83, boosted by tax changes and recovery from recent crises.
Key Points
- Nepal collected NPR 11.94 billion in revenue from real estate transactions in Ashad, the highest in fiscal year 2082/83.
- Revenue collections in other months ranged from NPR 2.74 billion to NPR 6.26 billion showing fluctuations throughout the year.
- The increase in revenue in Ashad is linked to an increase in the capital gains tax on real estate starting from Shrawan 1.
- The volume of real estate transactions improved post-pandemic and the Gorkha earthquake, contributing to higher revenue collections.
