wealth tax query

Hi!

    My query is as follows:

Mr. X purchased a flat which is actually 4 flats combined together into one and there is only one agreement mentioning all the 4 apartments which are joined to make 1 appartment. Thus, for WEALTH TAX purposes, will it be considered as 1 appartment or 4 appartments separately???

- Thanks :)

Replies (2)
Originally posted by : Jinnel Tanna

Hi!

    As there are four flats however there is only one agreement and only one buyer so it will be considered as one flat fro wealth tax also
- Thanks :)

it will be considered as one house.

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