Capital gain tax for admitting partner

Tax queries 276 views 1 replies

x and y are holding 26% and 74% in LLP. Out of 74% of Y's share, he transfered 30%  to new partners P and Q. Wether Capital gain tax  attracts on such transer? if yes wether Partner has to pay tax or LLP?

Replies (1)
Definitely & partner will pay CGT


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register