LTCG immovable property sale

Tax queries 309 views 2 replies
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self ampoloyed
53 Points Joined November 2017

I bought a commercial plot in year 2009 and sold it in January 2025.

Will there be benifit of indexation?

Please confirm

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On 24 February 2025 at 01:44 Report
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Master in Accounts & high court Advocate
9570 Points Joined December 2011

You'll be happy to know that the government has reinstated the indexation benefit on property sales.

According to the latest updates, taxpayers can now choose between a 12.5% LTCG rate without indexation and a 20% rate with indexation for properties acquired before July 23, 2024.

 Since you bought the commercial plot in 2009, you're eligible for the indexation benefit. This means you can adjust the purchase price of the plot to reflect inflation, which will help reduce your taxable capital gain. To take advantage of the indexation benefit, you'll need to opt for the 20% LTCG rate with indexation. This will allow you to adjust the purchase price and lower your tax liability. Keep in mind that the indexation benefit is available only for properties acquired before July 23, 2024.

So, in your case, you're eligible for this benefit.

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On 24 February 2025 at 08:15
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self ampoloyed
53 Points Joined November 2017

Thank u very much Sir.

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On 24 February 2025 at 22:51


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