Capital Gains Tax Rate 2024 Real Estate. You may owe capital gains taxes if you sold stocks, real estate or other investments. With union budget 2024 on the horizon, there is a growing expectation for adjustments to be made to the capital gains tax framework, particularly concerning stocks and real estate.
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 indexation benefit on real estate has been removed. Real estate sales are considered capital gains, so when you sell a property you account for any profits or losses on your capital gains taxes.
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