Capital gain

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Kkk
1204 Points Posted on 06 August 2020
I have a query if a person purchased a property in 2011 and sale it in 2018 but at the time of purchase the ownership is not transferred in the name of purchaser in 2011.and he sold the property directly in 2018.now how to calculate the tax on such cap gain.
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On 06 August 2020 at 13:45 Report
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This discussion addresses how to calculate capital gains tax when a property purchased in 2011 was sold in 2018, despite the ownership not being formally transferred until the sale. It clarifies that while registration is key evidence of a transaction, the seller in the 2018 deed should be the original owner from 2011. The core issue is determining the tax liability on this capital gain.

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180 Points Posted on 06 August 2020
Registration of transaction is the prima facie evidence for buy/sell of asset. Implicit/oral transaction without registration will not be treated as sale/purchase.
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On 06 August 2020 at 14:01
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Kkk
1204 Points Posted on 06 August 2020
But now in 2018 the property is sold and transfer deed is register in the name of buyer.
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On 06 August 2020 at 14:04
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180 Points Posted on 06 August 2020
Who is seller in the agreement! It ought to be the original owner. plz check
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On 06 August 2020 at 14:08

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