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Ronello   12 February 2019

Sale of property from son to father

Hello,

I am in the process of buying a 2BHK property while my father has sold his property. We have thought of 2 scenarios:

Scenario 1

Now I am planning to sell my property to my father so that he does gets taxed on Capital Gains. Likewise I will be able to use the money from this sale for buying the 2BHK property. 

Can a son sell property to his father/parents such that father is also able to stay away from Capital Gains Tax?

Scenario 2

We plan to have ownership of the new 2BHK property as follows:

1st owner: My wife and I

2nd owner: My mother and father

In scenario 2 can father obtain a benefit of not paying Capital Gains Tax ?

 

 

 



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