LTCG gain set off

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4 Points Posted on 26 January 2022

Dear Friends,

Can Long term capital loss from property be setoff againts LTCG gain in shares

Thanks

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On 26 January 2022 at 01:06 Report
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Quick Summary
This discussion clarifies whether a long-term capital loss incurred from selling property can be used to offset long-term capital gains made on shares. The consensus is that this is indeed possible. However, a point is raised that a capital loss from property might not typically arise if sold at its registered value.

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SEO Sai Gr. Hosp.
212556 Points Posted on 26 January 2022

Yes.         

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On 26 January 2022 at 10:54
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Profession
28271 Points Posted on 26 January 2022
Yes certainly.
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On 26 January 2022 at 11:07
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379 Points Posted on 26 January 2022

But there won't be LT cap loss from property as u have to sell it at registered value

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On 26 January 2022 at 15:23
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Chief Accountant
3150 Points Posted on 28 January 2022
Yes, of course
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On 28 January 2022 at 11:35

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