Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2014
i have received capital gain after selling my residential property.If I buy property in the name of my Son who is above 18 years will it offset my capital gain or do I have to buy property in my name only
27 July 2014
You have to buy property in your Own name you can also buy in joint name.
See below link to see various judgements under similar circumstances.
https://www.bcasonline.org/articles/artin.asp?1115
See below link to see various judgements under similar circumstances.
https://www.bcasonline.org/articles/artin.asp?1115
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