Capital Gains Tax - Short or Long - House Property

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies Capital Gains Tax (CGT) implications for a property purchased in 2019, with registration and stamp duty paid that year, but possession only received in 2025. The key question is whether selling the property in 2025 will incur short-term or long-term CGT. The answer hinges on when the 'rights over the asset' are considered to have been acquired for tax purposes.

Vinay Hirakki

Vinay Hirakki (Querist)
Follow

19 April 2025 Hello All,

I purchased an under construction flat in 2019 and paid stamp duty in December 2019 and got it registered to my name in 2019 itself but i received possession of that flat in 2025. So if i sell that flat in 2025, do i need to pay short term capital gains tax or long term capital gains tax