Kathmandu. The new capital gains tax will be applicable on the trading of shares and real estate from July 1.
FY 2083. The tax rates changed in the budget of 2018 will come into effect from Friday. Now, 10 percent and 7.5 percent capital gains tax will be levied on share trading. Earlier, the capital gains tax was 7.5 percent and 5 percent. Now, those who buy and sell shares for a year will have to pay 7.5 percent capital gains tax and 10 percent if you buy and sell shares within a year.
The government has increased the capital gains tax on share trading by 2.5 percentage points. It has been announced in the budget that this will be the last.
Similarly, the government has made a provision to pay 7.5 percent capital gains tax from the profit earned from the sale of property owned by the house for five years or more. Currently, the capital gains tax is 5 percent.
The budget has increased the capital gains tax to 10 percent on real estate transactions owned by less than five years. It is currently 7.5 percent.
