Hi
This website is regarding taxation in India.
Can I gift the proceeds of the sale of a duplex to my son to avoid capitol gain taxes?
I sold a duplex for $390,000, originally purchased in 2015 for $179,000. I paid off the property with the proceeds and I now have $250,000.
Asked 3 years ago in Capital Gains Tax
If I can gift it to my son, will he have to pay taxes on the money? What other options do I have for these funds to avoid paying the capital gain tax?
Asked 3 years ago
I am in California so I need advise for California.
Asked 3 years ago
Sir, This website is for Indian Income tax related advisory.
Hope you find the information helpful, if yes do rate if 5 and provide your valuable feedback for my improvement.
Thank you.
- This website is only for taxation issues pertaining to India.
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