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Yes, you are liable to pay Long Term Capital Gains Tax if you sell your SRA property. If the allocation involved the alienation of a right of ownership that the assessor had, the cost of acquisition must match the value of that alienation. You should be aware, however, that SRA flat owners are only permitted to sell their complimentary tenements five years after the date that their shanties were destroyed.
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If I sell my SRA property , am I liable to pay Long term capital gain tax
Richard Castelino
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2 Year
2022-07-11T14:01:02+00:00 2022-07-12T12:00:46+00:00Comment
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