Is Capital Gain exemption available for Property acquired by Giftdeed

Amit (sa) (33 Points)

19 February 2025  

Residential property gifted by Mother to Son.

Son Gifts 90% Share of same Property to his wife after few years.

If the property is sold now then Capital Gain Tax exemption by purchasing new property or investing in Tax Bond available or tax on entire Capital Gain need to be paid as it's a Gifted property.