Hello Experts,
I have recently sold off a house, which I was holding for 30 yrs. I understand that the capital gains tax can be avoided if I buy a property within the next two years and get it registered. I plan to buy a under construction flat from a builder and do 95% payment right now. But it may so happen than the flat may not be ready to be registered in two years from now due to delay by the builder. Will I be required to pay the property gains tax in that case?
If the competion date of the flat is within two years in the flat buyer aggreement will that help me to avoid the tax?
Thanks
