Does buying and selling of lands is trading

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1359 Points Posted on 16 February 2022
does buying and selling of lands is trading business??
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On 16 February 2022 at 19:10 Report
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Quick Summary
This discussion delves into whether the regular buying and selling of land qualifies as a trading business. It suggests that if the primary activity involves purchasing and reselling land, it is indeed considered trading, with land acting as stock-in-trade. This distinction is important for commercial land and property dealers, as it affects how capital gains tax is applied.

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CFO- at NHTF
58280 Points Posted on 16 February 2022
If nature of business is buying and selling the land then it will come under trading only
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On 16 February 2022 at 19:51
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1359 Points Posted on 16 February 2022
Yes and land are stock in trade for the business ??
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On 16 February 2022 at 21:22
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Profession
28267 Points Posted on 17 February 2022
Commercial Lans and property dealer.
capital gain tax will be attracted.
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On 17 February 2022 at 11:30
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CFO- at NHTF
58280 Points Posted on 17 February 2022
If it's business then land comes under stock in trade
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On 17 February 2022 at 18:34

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