Capital Gains On Sale Of House
March 8th, 2010If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Question: what is the percentage charged on capital gains like sale of property like house?
Answer: If it is a short term capital gain, you would have to pay tax on normal rate as per your slab of income tax.
If it is a long term capital gain, you can pay 10% without indexation and 20% with indexation.
Investors Sell Ahead Of Possible UK Tax Hike
Property consultants have reported a significant rise in the number of second home-owners and long term investors in central London putting their properties up for sale as speculation grows that the government will increase the Capital Gains Tax rate in the 2010 budget, due to be announced in the coming weeks.
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