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Capital gain
My parents own one house jointly. We plan to sell. We intend to utilize the sale proceeds to purchase a new house. The new house is to be bought in my name- singly. What could be done so that tax capital gain can be saved and the house be purchased from these gains on my name singly. Thanks in advance.
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As such its better to save capital gain tax, by including them as joint holders in the new purchased house, though there are few cases in support of capital gains exemption availed when property purchased in relative's name.
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