my client is selling a house property....can he claim this profit if in new property he is co owner....and his name is 2nd....in ownership.......plz reply asap....thank you
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Capital gains from house property
Replies (3)
who is the other co owner? if it is your client's spouse, then make your client's share in the new property in proportionate to capital gains derived from the selling of house property. after 3 years of purchase of new property, make the share in equal proportions if needed
he should retain money in capital gain investment account , yes he is eligible in proportion or percentage of ownership
co owner is his son....
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