Advisory on distressed assets and real estate legal matters
LTCG Taxes Surge 2.9 Times Without Indexation on Properties Purchased Post-2010: Study
A recent report reveals that holding properties for longer periods results in higher taxes, whether or not indexation is applied. However, with indexation, the taxes are relatively higher. The 2024 budget has eliminated indexation from capital gains tax calculations. A study evaluated this change, finding that taxes would significantly rise on average. By simulating tax…
Understanding Completion Certificate in Real Estate: What Homebuyers Need to Know
A Completion Certificate (CC) is a vital document in the real estate sector, confirming that a construction project is finished and meets the approval of relevant authorities. This certificate ensures compliance with approved plans, layout, specifications, and all applicable building by-laws, making it crucial for homebuyers to obtain essential services like electricity and water. Key…