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Can we use capital gains to repay home loan?- Property Hotline
Posted
September 29, 2016
Views
8,522
Likes
51
Comments
5
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0.66%
September 29, 2016
8,522
51
5
0.66%
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4:12
3:22
3:51
3:02Now PlayingExpert: Pannkaj Ghadiali, Managing Partner at PC Ghadiali & Company LLP.
Question: Can you use the capital gains out of sale of property to pay a home or land loan and claim capital gains tax benefits?
Answer: Capital gain benefit is possible to repay a home loan and not land loan. On land loan you can only exempt if you will use that piece of land for constructing a structure on it and not for vacant purpose.
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