I have two properties A and B in my name. I've had both the properties for over 3 years. I want to sell property B. I don't want to reinvest the gains in another property.
To claim exemption from tax, can i gift property B to my wife and then make her buy property A from me using the gains? Will this work?
Regards,
Ramesh
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Sell property to wife to claim exemption under section 54
Replies (1)
well should ideally work. refer this https://indiankanoon.org/doc/150602150/
though it covers section 54F, given that section 54 is far more liberal you should not face any problem.
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