Property purchase during 1999 and sold 2026 is capital gain tax applies.
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Quick Summary
If you purchased a property in 1999 and sell it in 2026, Capital Gains Tax will apply. This typically incurs a Long-Term Capital Gains Tax of 20% with indexation benefits. You may also be able to reduce or eliminate this tax by claiming exemptions under Section 54 or 54EC. An alternative 12% tax rate without indexation is also an option to consider.
You bought the property in 1999 and sold in 2026 → ✔ It attracts Long-Term Capital Gains Tax @ 20% with indexation ✔ Exemptions under Section 54 or 54EC can reduce or eliminate the tax.