Sale of property

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16 Points Posted on 30 October 2020
I want to sale a plot .pl guide sale amount can be deposited in saving account or seperate account to be opened till invested in other property
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On 30 October 2020 at 13:00 Report
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When selling a property, you can deposit the sale amount into a savings account or a separate account opened under the Capital Gains Account Scheme. This scheme allows you to defer capital gains tax if the funds are reinvested in another capital asset within three years.

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285 Points Posted on 30 October 2020
Under capital gains account scheme, you can save the sale amount for escaping capital gains but must be used within 3 years for investing in another capital asset.
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On 30 October 2020 at 20:28
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16 Points Posted on 30 October 2020
Ok ..I can keep it in savings account ..... is it u suggesting sir
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On 30 October 2020 at 21:37
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285 Points Posted on 31 October 2020
Capital gains account scheme it is
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On 31 October 2020 at 06:38

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