Impact of gift deed on capital gains tax exemption

Vivek Devarajan (Others) (37 Points)

04 May 2017  

Hi,

  My mother purchased an apartment 2 years ago, for claiming exemption on capital gains arising from sales of an earlier property.

Now she intends to gift the purchased apartment to me. As I hear, the holding period for the property is 3 years, for the capital gains exemption to be valid. So will this execution of gift deed impact the capital gains exemption that my mother claimed? 

Thanks and Regards,

Vivek,