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Sec 54F Exemptions in case of two already existing properties

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Sanjay K

8 Points Posted on 01 January 2022

Hi,

Please help me understand the tax implications in a scenario where the long term capital gains of selling equities/shares if invested in purchasing a property. If I already have more than one property, buying a new one would still allow for the LTCG exemption? Thanks in advance!

Regards,

Sanjay

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Quick Summary

This discussion clarifies the rules around Section 54F exemptions for capital gains tax when selling equities and reinvesting in property. It confirms that if you already own more than one property, you are generally not eligible for the Section 54F exemption, even if you reinvest your capital gains into a new residential property.