Tax on short-term and long-term capital gains
| Tax type | Section | Condition | Tax applicable for residents and non-residents |
| Long-term capital gains tax | 112 | Land and or building | 20% with indexation benefit, up to 22 July 2024.
With effect from 23 July 2024, lower of:
(a) 12.5% on gains as per Finance (No 2) Act 2024 without indexation, or
(b) 20% with indexation benefit |
| Long-term capital gains tax | 112 | All other long-term capital assets | 20% with indexation benefit, up to 22 July 2024.
With effect from 23 July 2024, 12.5% on gains as per Finance (No 2) Act 2024 |
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:20