Property purchase and capital gain related query

yash singh (3 Points)

23 April 2018  

Hi,

We have sold one property one month back which was on the name of my mother only and she is house wife. We have around 50 lacs of capital gain in this deal.

I have purchased one under construction property 2 years back from my name which is costing me around 60 lac and in next 2 year this will be ready as per construction status. Please tell if i transfer my under construction property to my mother name completely can this transfer be consider as purchase of property to save capital gain for my mother?

Kindly suggest.

 

Thanks & Regards,

Yash Singh