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Query
by trivendra on Jul 09, 2007 04:53 PM   Permalink | Hide replies

I purchased Lower Income Group house in year 2001. I purchased another Medium Income Group house in year November 2006.

Now I intend to sell the house which i bought in 2001. Will the sell attract capital gains.

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  RE:Query
by Hello There on Jul 10, 2007 01:21 AM   Permalink
Not if you buy another house from the proceeds of the sale

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The odds favour the house