27 November 2015
Please note that I have inherited a commercial property from my father 10years back by a registered will. Now I would like to transfer this property to my three children by a will.
Please let me know Whether my children can claim exemption of capital gain , if they sell the property immediately( with in two months) from the date of receipt and purchase house/flat in their name.
The property was purchased by my father before 1981.
Is Time duration for calculation of capital gain is applicable in this case ?
27 November 2015
Will transfer effect will be after the death of the concerned person. If it is through gift deed your children can claim exemption.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 November 2015
Am transfering the property ryt nw to my children through a gift deed.Can my children claim capital gain for the houses they build/purchase?
Kindly give me the details of claiming capital gian.(number of houses one can build,where to deposit the money and under what scheme)