What is the main benefit of the LTCG Amendment for properties purchased before July 23, 2024?

The LTCG Amendment offers flexibility by allowing property owners who purchased properties before July 23, 2024, to choose between two tax calculation methods. They can opt for a lower tax rate of 12.5% without indexation or a higher rate if it exceeds 20% with indexation. This flexibility is designed to minimize tax liability and maintain fairness across different asset classes while addressing concerns related to the removal of indexation benefits. Properties bought on or after July 23, 2024, are not eligible for these indexation benefits.