IN JDA THE LANDOWNER GET THE COMPENSATION OF BULIT UP AREA ONLY AND NO CASH PAYMENT IS INVOLVED. UDS OF LAND WILL BE REGISTERED BY THE DEVELOPER TO THE BUYER . AT WHAT SITUATION THE CAPITAL GAIN OF THE LAND ARISES TO THE LAND OWNER. THE JDA IS 50% OF THE CONSTRUCTED AREA TO THE LAND OWNER.
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JOINT DEVELOPMENT AGREEMENT
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For landowners under a JDA, capital gains tax is deferred until the project’s Completion Certificate is issued. At that time, your tax is calculated based on the Stamp Duty Value of your received share plus any cash received, minus your indexed cost of the land.
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