The rules for capital gains taxation and exemption are the same for freehold and leasehold properties as far as I know. The conditions under which you can avail capital gains exemption in case of long term capital gains are:
You will have to buy a property within 2 years of sale of the property
Or you will have to construct a house within 3 years of sale of the property
You can also invest in a capital gains account scheme
Or you may purchase capital gains bonds for at least 3 years.
I hope this information helps you :)
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If I sell my flat and purchase a flat on 999 yrs lease will I get capital gains exemption?
Geeta Ramakrishnan
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4 Year
2021-11-08T12:06:58+00:00 2021-11-08T12:06:58+00:00Comment
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