Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
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.

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Querist : Anonymous

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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)


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