Capital gain taxation distribution

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student
59 Points Posted on 22 December 2020
one the client received property from parents as acquired in legal heirs.
when parents purchase property at very low amount now that house is sold nd from that 2 houses are bought by 2 brother at their own name from sale of parents property.
nd surplus is left of 10lkh
then how valuation is required to be done of these 2 news houses nd capital gain taxable?
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On 22 December 2020 at 12:05 Report
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This discussion explores capital gains tax implications when inherited property is sold and the proceeds are used to purchase new properties for two brothers. It questions how the valuation of the new houses should be determined and how capital gains tax will be calculated. The content also briefly touches upon potential tax planning strategies, such as joint ownership of new properties.

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student
77 Points Posted on 23 December 2020
There can be many tax planning like - purchase the new house property with joint name and also purchase the same property adjunct to each other and convert the same in asi gle house. for more feel fry to contact harisarda01 @ gmail.com
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On 23 December 2020 at 01:24
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student
59 Points Posted on 23 December 2020
Ok ty
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On 23 December 2020 at 08:49

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