Dear Sirs,
I purchased a plot in May,2014 and going to sell it in January 2017.
My Income tax lawyer said I shall not pay Capital Gain Tax as I bought plot in Tax Year 2013 and sell in Tax Year 2017 so the condition of 3 years holding period fulfills here.
If anyone has some experience here, then please share it with me. Thanks
KK® replied on Tuesday, November 29, 2016 04:58 AM
he is right no CGT |
M Arshad Ali® replied on Tuesday, November 29, 2016 05:19 AM
Your 3 years will b completed in May 2017 ,so wait till may |
KK® replied on Tuesday, November 29, 2016 06:48 AM
sorry you have to complete three years from purchase, |
