Capital gains from house

Ganesh (Engineer) (65 Points)

12 August 2023  

Hello,

I am planning to buy flat (primary home)in joint name (50-50 wife and I). I will be paying 100%.

If we sell it after 10 or 15 years then will all the gains be taxed in my name due to clubbing provisions or just the 50%.

Both retired and currently our house hold income is 35% from wife and 65% myself. 

 

Thanks