Ltcg benefit to huf if new residential property purchased in individual names of huf members

My huf, currently having only two members, me and my wife, sold a residential property  in 2018acquired in 2002. To save LTCG, can we buy a new residential property in our two names jointly or it has to be in huf name only. Reason is we want to avail housing loan and get interest  paid income tax exemption. Housing finance is not available to huf I have been told, but have not verified from ALl Hf banks. Please help thnx

 

Replies (1)

" To save LTCG, can we buy a new residential property in our two names jointly or it has to be in huf name only."

Yes, it has to be in the same PAN to avail the exemption.

Alternatively, you can invest Capital gains part in CG sav. Bonds (u/s. 54EC), and rest part invest in new house property by availing loan from HUF and also from banks.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details