Capital gains from house

Tax planning 206 views 3 replies

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 

 

Replies (3)

It will be shared between your wife & you............... as per the property registered .

Though agt. will be on 2 or more than 2 names
for taxation matters
always ratio of contribution counts
in above case....only husband will bear tax
You may go by Supreme Court Judgements on this matter


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