Mr A exchange his property with Mr B's Property.( who is A's Brother), But value adopted for stamp duty puposes are different to both A's and B's properties, both are long term properties and there is no cash consideration at all.
As per transfer definition these exchange of property attract capital gains, is exchange of property between brothers are exempt? is there any better tax planning to avoid capital gians tax.
Gift of immoveable property to a relative is not taxable. But here both may have to prepare an exchange agreement, stating the terms and conditions, and duly stamped and registered. And this should be not taxable just like a gift.
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Gift of immoveable property to a relative is not taxable. But here both may have to prepare an exchange agreement, stating the terms and conditions, and duly stamped and registered. And this should be not taxable just like a gift.
Wait for more replies.
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