Buying property, in name of company or through company
This query is : Resolved
24 June 2015
Can any one express, what is more beneficial for a company ? to buy a land in his own name, or to form a company through buying shares of a company?
Basant Jajoo
(Expert)
24 June 2015
Better to buy in name of company and allot shares. Cost will be additionally at first. But in case of resale, only stamp duty is to be paid on shares transfer @ 2.5% instead of 7-8% for property transfer.
Clear the basic purpose of property purchase if its for resale or perpetual holding.
Clear the basic purpose of property purchase if its for resale or perpetual holding.
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