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Selling House in India and Buying in UK: Capital Gains Tax?

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Aug 16, 2024

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more

Question by parameswaran on Aug 14, 2024Hindi

Money

Hi, I am staying in UK. I want sell my house in Bangalore and purchase a house in UK. In this case whether I have to pay the capital gain tax or not.

Ans: This has been answered earlier

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I have bought a house for 27 Lacs in year 2013-2014, I sold it at 1.58cr in year 2022-2023, then I bought a house for 1.12cr in year 2022-2023, let me know if I sell the house at 1.20cr, will this attract capital gain tax?

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Hi sir, Now I am working in UK. I want to sell my house in Bangalore And by a house in UK. In that case can I get capital gain rebate. Thanks. Rajan

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Sir, Now my son is in UK for the last one year. He want to sell a property in Bangalore purchased 15 years back at Rs.30 lacks, and wants to sell it at 120 lacks and purchase a property in UK. In which way we can get exemption from capital gain tax. regards. p v rajan

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Sir my son got 84 percentile jee main (Session 1 jan 2025), He also got a seat in electrical and computer engineering in Shiv Nadar, Greater Noida. CSC in Bennett university (Greater Noida). Which is a better choice ? 12th is done from Delhi

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Prefer CSE @ Bennett.

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Question by Pal - Feb 22, 2025Hindi

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My son got 98.52 per in jee 2025. Can he get admission CS in delhi

Ans: Hello Pal
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Question by nishtam - Feb 22, 2025Hindi

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Hello sir this is Nishat , I passed my 12th in the year 2023 with a good percentage but however I couldn’t see it for chemistry exam. So obviously I failed in that subject so I decided to again reappear for that exam and in 2024 I gave betterment exam from my state board in the subject biology and chemistry. However I scored far better in biology than last time but (Chemistry) I don’t know maybe it’s it’s because of the issues that we have with our board. I couldn’t score good marks so even I had decided to give (Chemistry) separately and so in 2024. I again set for (Chemistry) exam under nios I and I scored 80 so now the thing is that I’ll be having two mark sheet so while applying in need I cannot possibly select the code 2 because although I already have the state board certificate but the NIOS certificate is not yet out and it will be out by end of the March sir can I possibly select the code one that is appearing or will it create problems while counselling or is there any other option please help me out sir , I’m very desperate like I have prepared for neey for the last two years and I don’t want to put my hard work into vain. Please Sir help me out

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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