Next time when you wish to sell your two year old property, tax liability would be lower than the past, thanks to Budget 2017 -18. Before this budget, property sell was subjected to short term capital gains tax (STCG) if purchase period has not completed 3 years. Now property sale is subjected to Long Term Capital Gains tax (LTCG) for more than two year holding period. The rate for LTCG tax works out to be lower compared to short term capital gains (STCG) tax.