Detailed view on how the removal of indexation benefits from sale of property would be from now
The budget announced the removal of indexation from sale of property.
This has huge implications.
People who have held property for like 20 years or so would have seen their prices double or triple, would otherwise have not paid any capital gains tax due to indexation. Now they will pay 12.5%.
The budget announced the removal of indexation from sale of property.
This has huge implications.
People who have held property for like 20 years or so would have seen their prices double or triple, would otherwise have not paid any capital gains tax due to indexation. Now they will pay 12.5%.