WHAT IS PROPERTY/REAL ESTATE LAW?
Property law is the area of law that governs the various form of ownership in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division between movable and immovable property. Movable property roughly corresponds to personal property, while immovable property corresponds to real estate or real property, and the associated rights and obligations thereon. LAW AND LEGISLATION REGULATING PROPERTY/REAL ESTATE IN PAKISTAN Real Estate/Property Law is regulated under various statutes in Pakistan. Laws for individual businesses and taxation of different lands may vary, for example, Capital gain Tax is levied under Income Tax Ordinance, 2001, Capital Value Tax is levied under CVT ordinance, and so forth. However specific law for property/real estate acquisition and sale include the following :e • The Transfer of Property Act, 1882 • Land Revenue Act, 1967 • Stamp Act 1899 • Regi
