Adjust ltcg against payment for extra area flat purchase
This query is : Resolved
06 September 2025
My building is going for redevelopment shortly. I have been given some extra area free of cost. I propose to buy another 50 sqft area for which I have to pay 15 lacs. Can I sell my shares and adjust the ltcg tax on shares to pay off the developer and avoid paying tax.
06 September 2025
Not eligible. To claim exemption under Section 54F, the entire sale proceeds of shares would have to be invested in a new residential property—not partial extra space in an existing flat.
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20 September 2025
Good Luck..
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