예산은 주택 구매자와 개발자 모두에게 세금 면제로 부동산을 향상시키는 것을 목표함 Budget aims to boost realty with tax exemptions for both home buyers, developers
[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
MUMBAI | BANGALORE: The Interim Union Budget for 2019-20 has provided a major relief to both homebuyers as well as realty developers with several measures aimed at lowering their tax incidence and burden. While the government has pushed the affordable housing agenda further, the proposals are also aimed at boosting the housing demand.
Prospective homebuyers can now buy two separate properties to avail Long-Term Capital Gain Tax (LTCG) exemption on the sale of existing property. However, this can be availed only once in their lifetime.
Currently, homebuyers are constrained to buy one property of a bigger value to cover up the gains received through sale of existing property to avail this benefit. The finance minister’s proposal would offer flexibility to the homebuyers to split the gains in two properties and still avail the capital gains tax exemption.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/budget-aims-to-boost-realty-with-tax-exemptions-for-both-home-buyers-developers/articleshow/67794530.cms