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Can 54F be claimed on second property or it can be just first property

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Krishna

Software Engineer

69 Points Posted on 27 October 2021

Hi Guys,

I have 3 query regarding 54F.

1) Can 54F be claimed on LTCG of foreign stocks(Nasdaq Listed)?

2) Foreign stock are considered LTCG after 24 month of holding right?

3) Can 54F be claimed on the second property or it can be claimed on first property only?

as per the example given it mentions second property. Can you give me an authentic source for the clarification of my third query.

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Quick Summary

This discussion clarifies the applicability of Section 54F for capital gains tax relief. It confirms that relief can be claimed on foreign stocks considered long-term capital gains after 24 months. Crucially, it addresses whether Section 54F can be claimed on a second property, confirming it is possible provided all other conditions of the subsection are met.