Inherited Property Gains: Use Previous Owner's Acquisition Date for Indexation Benefits on Capital Gains Tax from Pre-1981 Acquisitions.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Long-term Capital gains – determination of date of acquisition – property acquired through inheritance - acquired by previous owner prior to 1-4-1981- benefit of indexation shall be available from the year when previous owner first acquired it.....