Two people say A and B hold 2 flats in a appartment jointly.
A is willing to sell 1 flat while B is willing to retain it.
What would be the best option for A to sell 1 flat.
Will it be ok if a partition deed is made stating that flat number-1 belongs to A and flat number-2 belongs to B.
Please guide on this topic
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 09 January 2021
I think a partition deed should be made between A and B
shekar
(Others)
(29 Points)
Replied 09 January 2021
But flat number 1 is 1000 sft
and flat no 2 is 1350 sq feet.
will there be any capital gains ?
and flat no 2 is 1350 sq feet.
will there be any capital gains ?
Kapadia Pravin
(17259 Points)
Replied 09 January 2021
Both flats are mutually exclusive. And hence independent treatment to both flats. Nothing can be combined on selling.
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