Nov 17 2016, 08:13 PM
QUOTE(moulaikelvin @ Nov 17 2016, 03:07 PM)
Hi all, I would like to ask something about RGPT exemption on 1st house.
Previously I had a property which the title was under my name only but the mortgage was under both my wife and myself. I had claimed the RGPT exemption on this when the property was sold.
The question is my wife is going to sell her property which title and mortgage is under her name only. Does she entitle to claim the RGPT exemption here
Thanks in advance.
The answer is Yes. Because there is no record for disposal of property under your wife name. She is entitle for RPGT exemption for current property.Previously I had a property which the title was under my name only but the mortgage was under both my wife and myself. I had claimed the RGPT exemption on this when the property was sold.
The question is my wife is going to sell her property which title and mortgage is under her name only. Does she entitle to claim the RGPT exemption here
Thanks in advance.
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