05 July 2022
Hi, I plan to start a Real Estate LLP firm. Primary aim is to buy and hold Commercial real estate for rental and capital appreciatoin. If I am able to put the entire rental income back into real-estate, will I have to pay any taxes e.g. if my rental income is 15lacs and I buy fractional CRE from strat-prop for the same amount, will there be a tax outgo? If I sell a property bought under the name of the LLP, and have gain in it, and if that money too is ploughed back into buying real-estate, what would be tax outgo? Regards, #Valmick
CAclubindia
