Capital gains from house

This discussion explores capital gains tax implications when selling a jointly owned primary residence. The user is purchasing a flat in joint names with his wife, contributing 100% of the funds. He seeks clarification on whether all capital gains will be taxed solely in his name due to clubbing provisions, or if the gain will be split according to ownership. The advice suggests that while registration may be joint, the ratio of financial contribution often dictates tax liability, potentially meaning the husband would bear the tax.