I bought a property in May 2013 with the capital gains from the sale of a property done in May 2012. When can I sell the property I bought in May 2013?

Write Answer
Upvote | 60
Downvote | 0
Follow | 8
Share

*Record your answer

Audio Log

# property # capital # sell

Dhiren Shah, Advocate & Solicitor

291 Answered

Answered on November 08, 2017

You can sell the property at any time, however the proceeds from such sale would again entail capital gains and the same would depend on the number of years for which you have had ownership of the property.

Upvote | 0
Downvote | 0

Questation Overview

Aahna Singh

Related Questions

I am going to inherit a property, could anyone help me with the inheritance laws for an apartment or flat?

My mother in law is 67 years old. She sold her previously owned property and bought two flats from the sale proceeds of the previous property. One of the flats is only 15% covered. She bought one of the flats with my wife and one along with my wife and me so that we get a home loan. Now I want to know that even after re-investing all of her sale proceeds will she fall under capital gains tax ambit?

We have a few plots that we wish to sell. There are some plots in my father's name, some on multiple people's names and none on my brother's name. But when we are trying to sell my elder brother, who is a lawyer, is threatening the buyers. What do we do about this?

I am looking to transfer the ownership of my flat, any ideas or suggestions on how to go about the process?

I wish to register a gift deed but don't know the charges, does anyone know what the charges are?

Login

I bought a property in May 2013 with the capital gains from the sale of a property done in May 2012. When can I sell the property I bought in May 2013?

Audio Log

Related Questions