Exchange deed capital gains taxation
This query is : Resolved
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31 May 2024
Mr A is exchanging his land with Mr B for residential converted land by Exchange deed. . However there is no monetary consideration here. For stamp duty purpose land with higher value will be considered.
Whether Mr A is attracted to capital gains tax. If Yes what would be the sale consideration to Mr A for computing capital gains. Here the value of land of Mr A is lesser than Mr A kindly advise
Whether Mr A is attracted to capital gains tax. If Yes what would be the sale consideration to Mr A for computing capital gains. Here the value of land of Mr A is lesser than Mr A kindly advise
31 May 2024
1. Yes
2. That of higher value land.
2. That of higher value land.
04 September 2024
Good Luck.
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