Budget Special

Budget & You: Which LTCG tax rate suits homesellers now?

Property owners now have two capital gains tax options: old (20 per cent tax with indexation) and new (12.5 per cent tax)

Property owners now have two capital gains tax options: old (20 per cent tax with indexation) and new (12.5 per cent tax)

It wasn't the televised budget speech that took our breath away. It was the fine print. And not in a good way. It stated that indexation benefits were a thing of the past for all asset classes, including real estate. The most surprising part was its retrospective applicability - regardless of when you bought property, if you sold it on or after July 23, 2024, there would be no indexation benefit. The move triggered a backl