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capital gains out of sell of inherited property
by d.bonnerjee on Oct 26, 2005 06:27 PM

My father expired 10 years back leaving a 100 year old house jointly shared by me and my sister and brothers.We have now sold it recently.My receivable is 4.2L.Do I have to pay capital gains tax if any? If so how can it be avoided with suitable investment? I hear that long term cap gain tax has since been withdrawn.Is it fact?

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Your home and capital gains