Tool 11 · Inherited Property

Inherited Property LTCG

Selling property you inherited? Calculate your gains correctly — including cost basis rules under Section 49(1) and Section 55(2)(b).

⚠️
No indexation for NRIs — this is final. The grandfathering rule (20% with indexation) applies only to Resident Individuals and HUFs. As an NRI, you pay a flat 12.5% LTCG on your gain, regardless of when the property was purchased. Confirmed by Finance Act 2024, carried forward under IT Act 2025.
Inheritance details
₹

When did the original owner first acquire the property?

Use the stamp duty circle rate for 2001, or a registered valuer's report. Under Section 55(2)(b), this cannot exceed the stamp duty value on that date.

₹

Major documented renovations or additions after 1 April 2001.

₹

Brokerage, legal, stamp duty on the sale.

₹

Gains are computed separately in each heir's hands.

Enter the sale price and cost basis to compute your share.

Covers:LTCG 12.5%Section 49(1)Section 55(2)(b)No Indexation
No guesswork

From estimate to execution.

Estimates get you ready. A specialist makes it real, with the filings, certificates and bank coordination handled in-house.