How to save capital gain tax on sale of residential property

Orion Realtors07 Oct, 2021Real Estate

Simply put, capital gains is the profit you make when you sell a capital asset ? a plot of land, a residential house, a commercial building or any other capital asset for a higher price than the price you paid for acquiring it. The rates levied are 0%, 15% or 20%, depending on an individual?s tax bracket. Capital gains can be divided into two major classifications: