The property is well positioned for access to the A3 that runs between London and Portsmouth, while the village offers a good range of lo... £ 399, 995 21 Map.. * Fry & Kent has pleasure in mar...
"The tax authorities will consider the profit you generated by the property sale as regular income for that year and apply tax accordingly. If the property was sold after three years of its purchase having elapsed, long-term capital gains tax at the rate of 20 percent after indexation becomes applicable", he adds. The gains from this asset is added to the investor's income and taxed as per the income slab he falls under. For example, if an investor falls under the tax slab of 30 percent, the gain will also be taxed at the rate of 30 percent. The tax on this type of gain is not eligible to any type of exemptions. When it comes to long-term capital gains, which occurs when you sell a house after a period of three years, tax calculation involves what is known as indexation. The acquisition cost of the asset is recalculated based on indexation, which factors inflation in its calculation by using the Cost Inflation Index. The benefit is that the tax on a longterm capital gain is taxed only at a 20 percent rate after indexation.
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This Balmain property had an unusual layout and a prominent tree as a feature of the design. Photo: Supplied For prestige properties, she suggested VIP or invite-only inspections could attract buyers to while nurturing a sense of exclusivity. "People love to be made to feel special, " she said. Related: What to do when your home passes in Related: Auction, private treaty or expressions of interest? Related: How to set the perfect price guide What makes a property unique tends to depend on the area, according to Monique Dower, of Belle Property Balmain. She sold a home in Balmain this year, which was unique in that it was freestanding – relatively rare for the suburb – and had one bedroom in the house and another with external access. The tree proved attractive to some buyers, but concerning to others. "The big thing was having the gum tree in the middle of the entrance, " she said. "Some people love trees, and some people saw it as an obstacle. " She said marketing the property online was effective, using social media to target a specific buyer audience.