Capital gain on land and building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2013
how to break up the amount between land and building when the property is the independent unit.
in conveyance deed there is a lump sum payment for the purchasing of land and building?
how to find the capital gain?
is it in case break up possible? how to do?
in conveyance deed there is a lump sum payment for the purchasing of land and building?
how to find the capital gain?
is it in case break up possible? how to do?
13 October 2013
You have following options:
1. Apportion the sale proceeds in the ratio of cost of acquisition.
2. Obtain fair market value of land & building separately and apportion in that ratio.
3. Obtain a valuation from a valuation officer.
1. Apportion the sale proceeds in the ratio of cost of acquisition.
2. Obtain fair market value of land & building separately and apportion in that ratio.
3. Obtain a valuation from a valuation officer.
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