udas replied to the topic Capital Gains Tax Exemption in the forum Ah ok if stamp duty and CBT 11 years, 12 months ago
Ah ok if stamp duty and CBT both are required, I guess, it will be better to leave it as it, and keep this as an investment property for now.
On that case, I will not get much tax benefit anyways from this investment property and rather will be taxed on the income generated by this property:-(. May be, this is still better now than paying stamp…[Read more]
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udas replied to the topic Capital Gains Tax Exemption in the forum Legal & Accounting 11 years, 12 months ago
If stamp duty is required I may not go for it.
Any idea how much cgt would be required approx, in this case?
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udas replied to the topic Capital Gains Tax Exemption in the forum Legal & Accounting 11 years, 12 months ago
Hi all,
Here is my situation:
I bought an unit in April 2008 and there was tenant living there for 6 months, so it was rented within that time frame.
After six month, I started living there till now. So, I have rented out that for only six months.I have already repaid 75% of the loan for this property.Now I want to make that as an investment…[Read more]
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