Capital gains tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2017
Respected Sirs
Kindly clarify the query below
Whether capital gain arising out of the sale of two separate urban properties(one belonging to the husband and the other belonging to the wife) be adjusted in setting up a new industry on a rural land belonging solely to the husband?
Thank You
Kindly clarify the query below
Whether capital gain arising out of the sale of two separate urban properties(one belonging to the husband and the other belonging to the wife) be adjusted in setting up a new industry on a rural land belonging solely to the husband?
Thank You
05 September 2017
No, the law does not permit for such an adjustment.
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