Tag: Family Arrangement

Aug 22
Capital gains tax implications on properties transferred under family arrangements/settlements

What is a family settlement and how does it impact your tax liability, with respect to the properties that are involved in the settlement? We explain… Disputes, settlements and arrangements within a family over property, have been a part of human civilisation. The war of Mahabharat happened due to a family dispute over property, which could not be resolved by a settlement or arrangement that was agreeable to all the parties. As the size of a family grows, it is inevitable that some of the branches of the family may choose…