Joint venture and cost of acquisition

In a JV, builder gets 3 Flats and owner gets 3 Flats. No cash consideration involved.
if the owner sells all the 3 Flats within 2 years, what would be cost of acquisition (jv agreement May 2020 construction completed and sold in 2022 23)
Replies (4)
Quick Summary
This discussion clarifies the cost of acquisition for properties received through a joint venture (JV) agreement where no cash changes hands. If an owner sells their JV flats within two years of completion, the cost of acquisition is complex. It involves obtaining the construction cost from the builder and considering the guideline value of the property on 1st April 2001, alongside the existing rare of the building at that location.

Stamp duty value. 
 

 

 

The answer is not so simple. little complex.
We have to get cost of construction from the builder, that will be the cost of construction for building and guide line value on the date of purchase ir 1.4 2001
You hv to know the existing rare of the building at that place.

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