Ardene Elfrieda

Capital Gains Tax Rate 2024 Home Sale Of Property. 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. Earlier, the rate was 20 per cent with indexation benefit.

From that you can deduct your. 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.