Capital gain set off

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taxpracticing
269 Points Posted on 27 February 2021
hello everyone can capital gain from sale of property be set of from capital loss of shares .....both are long term.....
thank you
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On 27 February 2021 at 21:15 Report
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Quick Summary
This discussion clarifies whether capital gains from selling property can be offset against capital losses incurred from selling shares, provided both are long-term assets. The consensus is that such inter-head set-off is permissible and allowed under tax regulations.

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19 Points Posted on 27 February 2021
Yes, it can be set off
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On 27 February 2021 at 22:39
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Chartered Accountant
24588 Points Posted on 28 February 2021
Yes Set off is possible in this case
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On 28 February 2021 at 06:13
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17269 Points Posted on 28 February 2021
Inter head set off is possible and allowed. So for long term to long term gain/loss
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On 28 February 2021 at 15:04
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taxpracticing
269 Points Posted on 28 February 2021
Thank you
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On 28 February 2021 at 21:56

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