India

Capital Gains Taxes (%) - India Compared to Continent

Footnote

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Cambodia	15.00%
China	4.66%
Hong Kong	0.00%
India	16.95%
Indonesia	0.00%
Japan	3.98%
Malaysia	5.18%
Pakistan	25.08%
Philippines	0.00%
Singapore	0.00%
South Korea	9.12%
Sri Lanka	0.00%
Taiwan	21.11%
Thailand	30.00%
Vietnam	23.49%

 

 

India: Capital gains taxes (%).

In arriving at effective capital gains tax rates, the Global Property Guide makes the following assumptions:

• The property is directly and jointly owned by husband and wife;
• They have owned it for 10 years;
• It is their only source of capital gains in the country
• It has appreciated in value by 100% over the 10 years to sale
• The property was worth US$250,000 or €250,000 at purchase.
• It is not their sole or principal residence.

These assumptions are critical. In many countries a holding period of less than 5 years results in capital gains being taxable. But a longer holding period often results in no capital gains tax being payable. For more details see the Data FAQ

Source: Global Property Guide Research, Contributing Accounting Firms

 

India has just released the pilot issue of Residex (India’s house price index), covering five main cities, through the National Housing Bank (NHB). Since the Residex is new, its methodology is being revised every so often. Unfortunately, the Residex is not publicly available. General economics statistics are from the Reserve Bank of India.