Self-occupied property choice allows two homes to be treated as self-occupied; additional house is deemed let-out and taxed. Tax treatment permits a taxpayer to designate two houses as self-occupied and requires any remaining house to be treated as deemed let-out, with the unselected property taxed accordingly; the taxpayer may choose which two properties are regarded as self-occupied and the remaining property will be assessed under the rules for let-out property.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Self-occupied property choice allows two homes to be treated as self-occupied; additional house is deemed let-out and taxed.
Tax treatment permits a taxpayer to designate two houses as self-occupied and requires any remaining house to be treated as deemed let-out, with the unselected property taxed accordingly; the taxpayer may choose which two properties are regarded as self-occupied and the remaining property will be assessed under the rules for let-out property.
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