Saturday, May 17, 2025 | 05:48 PM ISTहिंदी में पढें

Home / Budget / News / Interim Budget has benefits for property sellers, more savings on 2nd home

Interim Budget has benefits for property sellers, more savings on 2nd home

Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.

Premium

Tinesh Bhasin

Last Updated : Feb 01 2019 | 10:06 PM IST

The rationalisation of property-related taxes is the most significant sop that stand-in Finance Minister Piyush Goyal offered in his Interim Budget. Now, an individual can declare two houses as self-occupied instead of just one earlier. Also, on selling a house property, a taxpayer can invest the proceeds in two houses and still get the long-term capital gains (LTCG) tax benefit. Earlier, the benefit was available for only one house.

The caveats when claiming the LTCG benefit is that the total capital gains have to be up to Rs 2 crore. Also, the benefit can be claimed only once in a lifetime.

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in