We have a HUF industrial property with my father as karta and me and my brother as 2 co-parceners. We wish to sell the property and also dissolve the HUF file with assets split in between the members of HUF (3 ways).
I would like to know if there is a way, so that we can sell the property, save capital gains tax and also have the assets of HUF tranferred to our individual files.
OTHERWISE, if there is no way to save capital gains tax. Is there is a way to not sell the property mentioned above and at the same time, save the dlution of members rights HUF property (in case of re-marriage by my father with somebody who already has a son)
Thanks for all your help.
