Redeveloped Building News

Money

Capital gains tax is payable on share or cash received in redeveloped house

After the redevelopment of a property, if the owner gets either a share in the redeveloped property or cash or both, his gain is a taxable capital gainAt the time of receipt of possession in 2008, the transaction was subject to LTCG tax (as the property was held for more than 36 months)

1 min read11 Aug 2019

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