What Is The Long Term Capital Gains Tax 2024 On Property

What Is The Long Term Capital Gains Tax 2024 On Property. The union government offers a huge relief property owners by allowing a choice. Budget 2024 brought significant changes to the indexation benefit for long term capital gains (ltcg) on property sales, reducing the indexation rate.

The long term capital gains tax (ltcg) on property sales has been reduced from 20% to 12.5%, but the budget fine print revealed that the. Removes indexation, lowers tax to 12.5%, changes holding period to 24 months.