Capital gain after demolishing the building
This query is : Resolved
22 December 2018
Mr A Purchased a Land with Building some years ago and now he demolished the building and sold the vacant land.
Whether the Total Original Cost (Land + Building) can be allowed as deduction from the sale Proceeds of Vacant Land
Whether the Total Original Cost (Land + Building) can be allowed as deduction from the sale Proceeds of Vacant Land
22 December 2018
Seems cost of land alone to consider.
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