Capital gain tax on ver old property

When selling a property, even one held for a long time, capital gains tax is generally payable if you make a profit. However, the tax liability can be significantly reduced through indexation, which adjusts the purchase cost for inflation. For properties owned before April 2001, you'll need to determine the property's value as of that date, often via a government-registered valuer or the sub-registrar's office, to calculate the indexed cost and your final tax due.