Home sale capital gain tax

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  1. Ameyapost

    Ameyapost New Member

    I'm planning to buy new house. Plan to raise money by selling existing house + home loan. I have zeroed down on one project but completion date is in Dec. 2019 + on safer side 6 months delay. Based on my understanding capital gain due to sell of existing house need to be invested with in 2 years for buying property or 3 years for constructing new house. I have gone through article were delay from builder side to give possession will not result in tax issue. But in this case agreement its self will state 3.5 years to get possession.

    Kindly clarify will the profit from sell of house will subject to capital gain tax.
     
  2. Ameyapost

    Ameyapost New Member

    Hello any input on this query. Thanks
     
  3. Ameyapost

    Ameyapost New Member

    any tax expert on this issue please help.
     
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