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Issue ID : 2730
- 0 -

Cost of Acquisition

Date 03 Feb 2011
Replies1 Answers
Views 964 Views
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Dear All,

I have a query regading cost of acquisition for Capital gain. According to will, a man had tranfer his house to her wife but she cannot sell the property. After the death of wife the property can be sold by 2 brothers. If the house is sold by sons then 1/7th of the sale proceed will be given to her daughter.

 

Is this be included as cost of acquistion in the hand of sons...

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Replied on Feb 5, 2011
1.

No not at all as it is just the direction in the will for sharing the propery or the benefits derived from the property.

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