What is applicable date for using 13.5% LTCG tax on sale of property. I have sold property on 05 June 2024. Will it attract new rule ?
Ans: Hi,
The change in LTCG for real estate has been made effective from July 23, 2024. Since you have sold the property before this date, you should be able to apply for LTCG at old taxation with indexation. The new LTCG is 12.5% not 13.5%.
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons