https://www.taxtmi.com/forum/issue?id=3022 Conversion of leasehold to freehold for sale raises: whether the sale is long-term or short-term determined from the date of vesting of interest; whether conversion fees should be capitalised; and valuation of the leasehold land. The adviser recommends reviewing the lease deed, notes that freehold charges are generally capitalised, and states holding-period status is ascertained from the date interest vests. en-us Thu, 19 May 2011 18:39:00 +0530 Thu, 23 Jan 2025 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3022 Conversion of leasehold to freehold for sale raises: whether the sale is long-term or short-term determined from the date of vesting of interest; whether conversion fees should be capitalised; and valuation of the leasehold land. The adviser recommends reviewing the lease deed, notes that freehold charges are generally capitalised, and states holding-period status is ascertained from the date interest vests. Discussion-Forum Income Tax Thu, 19 May 2011 18:39:00 +0530 https://www.taxtmi.com/forum/issue?id=3022