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Selling Property in joint name

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282 Points Posted on 22 September 2019
If my house is in my (first name)and my wife's name (50-50% ownership, since Both of us paid equally for buying the house), Can the Sale proceeds and LTCG be divided 50-50, for tax filing purposes ?
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On 22 September 2019 at 14:37 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 22 September 2019
Yes Exactly it's 50/50...
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On 22 September 2019 at 15:05
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17264 Points Posted on 22 September 2019
LTCG will be taxed equally 50-50% in the hands of husband and wife
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On 22 September 2019 at 17:15
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282 Points Posted on 23 September 2019
Thanks Mr. Raja and Pravinbhai.
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On 23 September 2019 at 15:32


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