Transferring a plot of land as a gift to a religious trust without receiving any payment raises questions about capital gains tax. The consensus is that such a transfer is indeed chargeable to tax. The sales value for tax purposes is generally determined by the circle rate, which is the value used for stamp duty.
12 June 2025
I am owner of plot of land. I have gifted this plot of land to religious trust without consideration, whether this transfer is chargeable to tax ?? if yes what shall be sales value ??