<h1>Union Budget 2024-25: Changes to Long-Term Capital Gains Tax on Property Affect HNIs and Investment Strategies</h1> The Indian tax system has seen recent changes impacting Long-Term Capital Gains Tax (LTCGT) on property, particularly following the Union Budget 2024-25. These changes include revised reinvestment limits and tax rates, affecting how taxpayers, especially High Net Worth Individuals (HNIs), manage their property investments. The holding period for property to qualify for LTCGT has been reduced, and the tax rate increased. Real estate developers and consultants play a crucial role in helping investors navigate these changes by offering tailored advice on reinvestment opportunities, promoting tax-efficient projects, and simplifying legalities to optimize tax savings and investment returns.