Capital gain - date of acquisition
This query is : Resolved
06 May 2013
The facts are:
date of leashold residential property - 1.4.1986
date of conversion to freehold - 31.3.2012
date of sale -31/03.2013
my question is whether this is ltcg or stcg ?
if possible, support your reply with legal pronouncement
The facts are:
date of leashold residential property - 1.4.1986
date of conversion to freehold - 31.3.2012
date of sale -31/03.2013
my question is whether this is ltcg or stcg ?
if possible, support your reply with legal pronouncement
07 May 2013
It is LTCG.
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