As per Lawkidunya, Property investment in Pakistan can have significant tax implications. Here are some key considerations:

Tax on Rental Income

1. Tax rates: Rental income is taxed at rates ranging from 5% to 20% of the gross rental income.
2. Tax deductions: Taxpayers can deduct municipal taxes, repairs, and maintenance expenses from the gross rental income.

Tax on Capital Gains

1. Tax rates: Capital gains from the sale of property are taxed at rates ranging from 0% to 20% of the gain.
2. Exemptions: Gains from the sale of property held for more than 8 years are exempt from tax.
3. Indexation: Capital gains can be indexed for inflation to reduce the taxable gain.

Other Tax Implications

1. Stamp duty: A one-time tax levied on the purchase of property, ranging from 3% to 5% of the property value.
2. Capital Value Tax (CVT): A one-time tax levied on the purchase of property, ranging from 2% to 5% of the property value.
3. Withholding tax: A withholding tax of 5% to 10% is applicable on the sale of property.
4. Property tax: An annual tax levied on the ownership of property, ranging from 0.5% to 2% of the property value.

Tax Benefits for Property Investors

1. Depreciation: Taxpayers can claim depreciation on the property value over time.
2. Mortgage interest: Taxpayers can claim a deduction for mortgage interest expenses.
3. Tax credits: Taxpayers can claim tax credits for investments in affordable housing schemes.

Tax Planning Strategies

1. Hold property for long-term: Holding property for more than 8 years can exempt capital gains from tax.
2. Use tax deductions: Claiming tax deductions for expenses like municipal taxes, repairs, and maintenance can reduce taxable income.
3. Consider tax implications of financing: Considering the tax implications of financing options, such as mortgage interest deductions, can optimize tax efficiency.

It is essential to consult with a tax professional or financial advisor to ensure compliance with tax laws and regulations in Pakistan and to optimize tax efficiency.