Can I purchase property from my wife?

Can I purchase property from my wife?

Yes, you can buy property on your wife’s name as there is a number of tax benefits and exemptions available for registering property in woman’s name which includes stamp duty discounts etc.

Can I buy an investment property without my spouse?

Common-Law States This means that you’re not required to share ownership of property you acquire while you’re married. In a common-law state, you can apply for a mortgage without your spouse. Your lender won’t be able to consider your spouse’s financial circumstances or credit while determining your eligibility.

Is it true my Wife is buying her own property?

Q My wife is buying a property with her own money and has never owned property before. However, I bought and sold a property 20 years ago which she never lived in. I have two quotes from conveyancing firms.

Can a assessee invest capital gains in the name of his wife?

Therefore, the investment by the assessee of the capital gains in purchase or construction of a residential house at Alagappa Nagar, Chennai in the name of his wife will not disentitle the assessee from exemption u/s 54F of the Act. This is assessee’s appeal for the A.Y 2012-13 against the order of the CIT (A)-11, Hyderabad, dated 31.01

Which is case of property purchased in wife’s name?

In the case of CIT vs. Natarajan reported in 287 ITR 271 (Mad), the assessee therein had sold a property at Bangalore and purchased a property at Anna Nagar in the name of his wife and the Tribunal had held the issue in favour of the assessee and the Hon’ble High Court had refused to interfere with the findings of the fact by the ITAT.

How to buy investment properties in one name only?

Planning ahead a husband and wife team start off by buying properties alternately in each name. The wife owns the main residence and 2 investment properties and the husband owns 3 rental properties. Each just stay under the land tax threshold in NSW.

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