Hi there,
Investing in a single property by selling two more properties is a decision that should be made after considering the long-term capital gains or losses from doing so. A capital gain or loss is assessed by calculating the difference between the price at which the property was purchased and the price for which it is being sold.
The price of your property is determined by the age of the property, locality, amenities it provides, and so on. Similar is the case with a new property that you wish to buy. So, it is important to calculate the Long Term Capital Gains from selling two old properties and buying a new property. But it can be calculated only if the exact purchase price and the year of purchase and sale are mentioned.
You can calculate your capital gains online or by yourself by deducting the Indexed cost of acquisition from the sale price of your old property, and then calculating the difference between the sale price of old properties and the purchase price of the new property.
I hope this answers your query.
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Can I invest in a single new property by selling two more properties. What will be the Long term Capital Gains from selling 2 or more older properties ?
N.Mukherjee
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3 Year
2022-03-19T16:17:32+00:00 2022-03-21T11:06:38+00:00Comment
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