I sold my house property for say 30 lakhs.To avoid tax on such capital gain, whether new house property should be bought on my name or any of my family member?
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Quick Summary
This discussion explores how to potentially avoid capital gains tax when selling a house property for £30 lakhs. The main question is whether purchasing a new property under the seller's name or a family member's name impacts tax liability. The initial response suggests that purchasing the new property doesn't necessarily need to be in the seller's or a family member's name to avoid tax.