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The Economic Times
The Economic Times
Business

If I sell my property jointly owned with my wife, can I buy the new one in my name for LTCG tax exemption?

ET Wealth capital gains

These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts.

I jointly own a property with my wife, although it was funded entirely by me. If I sell this property, is it necessary to purchase the new property in our joint names to qualify for the Long-Term Capital Gains (LTCG) tax exemption, or can I purchase the new property solely in my name?

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