Ah ok if stamp duty and CBT both are required, I guess, it will be better to leave it as it, and keep this as an investment property for now.

On that case, I will not get much tax benefit anyways from this investment property and rather will be taxed on the income generated by this property:-(. May be, this is still better now than paying stamp…[Read more]

If stamp duty is required I may not go for it.

Any idea how much cgt would be required approx, in this case?

Hi all,

Here is my situation:
I bought an unit in April 2008 and there was tenant living there for 6 months, so it was rented within that time frame.
After six month, I started living there till now. So, I have rented out that for only six months.I have already repaid 75% of the loan for this property.

Now I want to make that as an investment…[Read more]