Capital gain of property recd from partnership firm

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This query is : Resolved

Dipen (Querist)

13 July 2026 Hi,

Property purchased in 2005 by a partnership firm. Now the firm is getting dissolved and two partners receive 50-50 share in same property after dissolution.

Partnership firm will pay capital gain tax on recokner value as on date.

What will be the cost to partner when they sell their respective share in future?

Will it be recokner value as shown by partnership firm? Or cost to previous owner i.e original cost paid by partnership firm with indexation?

Pls advice

Regards,

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

13 July 2026 When a partner decides to sell their 50% share of the property in the future, the calculation will look like this:
Sale Consideration: The actual price the partner receives from the future buyer.
Cost of Acquisition: The partner's 50% share of the reckoner value established on the date of the firm's dissolution.
Holding Period & Indexation: The holding period for the partner will start afresh from the date of dissolution. Indexation benefits will also be calculated from the financial year of the dissolution up to the financial year of the future sale.

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