Capital gains on property sale

TAX QUERIES

I plan to buy a bigger flat and will sell my old flat to raise the funds. The old flat was bought 20 years ago and I expect to make a decent capital gain on the sale. What are the implications?

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Business Standard
177 22
Business Standard

Capital gains on property sale

TAX QUERIES

Kanu Doshi  |  Mumbai 



I plan to buy a bigger flat and will sell my old flat to raise the funds. The old flat was bought 20 years ago and I expect to make a decent capital gain on the sale. What are the implications?

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Capital gains on property sale

TAX QUERIES

Buying a new flat by selling an old one allows you to get tax exemptions, but there are some conditions that need to be fulfilled.

I plan to buy a bigger flat and will sell my old flat to raise the funds. The old flat was bought 20 years ago and I expect to make a decent capital gain on the sale. What are the implications?

image

Business Standard
177 22

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