Investing in old house

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Retired
14 Points Posted on 27 October 2022

Is it necessary to invest in new property to avail capital gains exemption or one can invest in old property also to avail the same?

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On 27 October 2022 at 23:59 Report
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This discussion explores whether investing in an old property qualifies for capital gains exemption under Section 54. The consensus is that the law does not explicitly require the property to be new, suggesting that older properties are indeed eligible for this tax benefit.

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Profession
28261 Points Posted on 28 October 2022
YES CERTAIN
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On 28 October 2022 at 06:33
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Retired
14 Points Posted on 28 October 2022

Not clear.

It is not specified in Section 54 that the property should be new. 

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On 28 October 2022 at 10:55

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