Capital gain of property recd from partnership firm
This query is : Open
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,
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,
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