Stamp valuation threshold preserves actual consideration for capital gains when valuation is only marginally higher than sale price. The amendment creates an exception to the rule that higher stamp valuation supplants the declared sale price: where the value adopted by the stamp ... Summary
Stamp valuation threshold preserves actual consideration for capital gains when valuation is only marginally higher than sale price.
The amendment creates an exception to the rule that higher stamp valuation supplants the declared sale price: where the value adopted by the stamp valuation authority does not exceed a close threshold above the consideration received or accruing on transfer of land or building, the consideration received or accruing shall be deemed to be the full value of consideration for capital gains computation.
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