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Long Term Capital Gains, Income Tax

Issue Id: - 109498
Dated: 7-12-2015
By:- Ramesh M

Long Term Capital Gains

Contents

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

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 11-12-2015
By:- MARIAPPAN GOVINDARAJAN

No. Capital gains will attract.

Page: 1

Old Query - New Comments are closed.

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