Can I purchase 2 small residntial properties after selling 1 big property to avoid long term capital gain tax?



I intend to sell my 15 years old built up house and wish to purchase two residential built up flats from the sale proceeds which should be almost for the same amount. Would I have to pay any long term capital gain tax?

Can I purchase 2 small residntial properties after selling 1 big property to avoid long term capital gain tax?
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3 Replies to “Can I purchase 2 small residntial properties after selling 1 big property to avoid long term capital gain tax?”

  1. You don’t need to pay capital gain tax as long as the value of sales of big house is same as the cost of two small houses and purchase is made within 6 months.



  2. if your big house rate is on your name and it coast same of two small house you want to purchase so you need not to pay capital gain





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