Long Term Capital Gain - Land & House construction

Q & A Forum › Category: Banking › Long Term Capital Gain – Land & House construction

vikrambe asked 7 years ago

Hi, I am planning to sell my property (house & plot) and deposit the the capital gain amount in capital gain account scheme in bank. Can I use this capital gain amount to buy land first and then construct the house ? Land will be from one person and house construction from another builder. Let me know if this is possible?

1 Answers

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Sreekanth Staff answered 7 years ago

Hi, I believe that you can do so! Related article : How to save Capital Gains Tax on Sale of Land / House Property?