Capital gain on sale of sra property

This discussion explores the capital gains tax implications of selling a Slum Rehabilitation Authority (SRA) property after the 10-year lock-in period. It questions whether such a sale is taxable, particularly for a senior citizen who is not otherwise liable for tax. The conversation also delves into determining the cost of acquisition, considering the original hut purchase in 1980 and the redevelopment in 2010, and how to calculate the potential capital gains tax payable.