Hi, I have been working in real estate for around half a decade. One of the most common questions that I get to hear from clients is when can I sell my resale flat. If you have the same query, then let me help you with that. You can sell your resale flat whenever you\'re ready. The only thing that you need to be wary of is the tax implications. Let me help you understand that.
How Soon Can You Sell Your House?
There are two types of tax implications, and you can change with them based on when you sell your house. I have added the information for both below.
Short-term Capital Gains: You can also call it STCG. If you sell your house within two years, the profit gets taxed under this. This tax rate depends on your income range.
Long-term Capital Gains: You can also call it LTCG, and you are taxed under this when you sell your house after two years of purchasing it. The LTCG is around 20%.
And that’s all. I hope you find this information helpful.
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When Can I Sell My Resale Flat?
Richa
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2025-01-20T09:59:05+00:00 2025-01-20T09:59:06+00:00Comment
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