Percentage of ownership of co-owned property.
This query is : Resolved
28 July 2023
If the sale deed doesnot specify can we take percentage ownership of co owned property as 10% and 90% for two co-owners while calculating capital gains on sell of such property based on the fact that payments were received in that ratio.
28 July 2023
No. Whenever the shares of ownership are not defined it is shared equally. For two owners it will be 50:50.
12 September 2024
Good Luck.
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