Tax exemption on sale of inherited property

Share
Share This Thread
  1. Vishal Kaneria

    Vishal Kaneria New Member

    Property of my deceased father inherited by probet to our Two Brother. we have sold it and purchased New house on one brother's wife name. and Loan Taken on One brother's Name(Husband). So Both brother can claim Capital Gain Exemption on Purchase of New House.
     
  2. rudrabose

    rudrabose Active Member

    No, only the person who is the registered owner of the residential house can claim the exemption.

    The person who is not the registered owner cannot claim the exemption.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Tax Exemption on Capital gain on sale of Property Income Tax Dec 19, 2016
Capital Gains out of sale of land LTCG exemption Income Tax Nov 11, 2016
Capital Gains Exemption on Sale of Mutual Funds Income Tax Sep 19, 2016
LTCG Exemption if Bonds purchased before Sale of Property Income Tax Feb 25, 2016
Purchase of Plot, Sale of Plot - Cap Gain Exemption allowed? Income Tax Feb 22, 2016