Hi Team,
My Father has 2 properties out of which 1 is self owned and the 2nd is gifted to him by my grand father.
My Question is as follow:
If my father sell off the gifted property he is liable too pay LTGC on the same and if he gift the self owned property on my name then I'll be liable to pay LTGC on the said property.
Now what if We both Buy one property to Save LTGC on the same as First and Second Owner of the New Property.
Is it possible too save LTGC one the new property by becoming First and Second Owner of the new Property.
Regards,
Kunal
