CAPITAL GAIN WORKING

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23 Points Posted on 05 November 2020
How to Calculate Capital Gains on transfer through a Release Deed inherited ancestral property being urban land with consideration ?
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On 05 November 2020 at 04:12 Report
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This discussion explores how to calculate capital gains tax when an inherited ancestral urban property is transferred using a Release Deed with consideration. While the year of inheritance isn't key, you can include costs related to the will, succession certificate, executor fees, and property valuation when determining the acquisition cost for long-term capital gains.

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Tax consultant
5895 Points Posted on 05 November 2020
The year of inheritance has no importance in the calculation of long term capital gain he can add the cost incurred with respect to procedure associated with the will and inheritance obtaining succession certificate costs of executor, property valuer etc while computing the cost of acquisition.
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On 05 November 2020 at 23:49
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23 Points Posted on 07 November 2020
Thanks, but couldn't get clarity on my query.
It still remains unsolved.
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On 07 November 2020 at 08:39
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Tax consultant
5895 Points Posted on 07 November 2020
What can you clearly say
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On 07 November 2020 at 09:21
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23 Points Posted on 08 November 2020
Through a Release Deed inherited ancestral property being urban land with consideration ?
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On 08 November 2020 at 00:51

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