Government Eases Long-Term Capital Gains Rules for Property Owners.

Economy Business

The government has announced a significant relaxation in the rules governing long-term capital gains (LTCG) for property owners. Under the new regulations, property owners will benefit from reduced tax liabilities on profits earned from the sale of assets held for over two years. This move aims to stimulate the real estate market and encourage investment by making it financially more attractive for individuals to hold and trade property. The revised rules are expected to simplify the tax process and provide relief to those affected by the previous, more stringent regulations.


      The new rules will increase property market liquidity by encouraging more transactions and investment in real estate.

      Simplified tax calculations under the new regulations will reduce administrative burden for property owners and investors.

     

 

     


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