Selling a Property? Know the Capital Gains Tax Rules The recent changes to capital gains tax rules have sparked a mix of relief and confusion among property owners.
The removal of indexation and lowering of tax rates for long term gains might seem like a welcome simplification, but a closer look reveals that the new system is not as straightforward as it appears.
For those who have owned their properties for decades, the old system with indexation might still be more beneficial due to inflation adjusted purchase prices. Conversely, recent buyers may find the new tax rate of 12.