Capital gain on plot sale

This discussion clarifies when capital gains tax applies to a plot sale, even if the registry isn't complete. If you've received part payments in different financial years, the tax is generally computed based on when the sale is considered finalised. This typically occurs when the title to the property passes to the buyer, which is usually after the full payment is received and the sale is concluded, meaning you'll likely compute capital gains and pay tax in the financial year of the final transaction.