Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Agreement<br />
• Agreement to sell may have the effect <strong>of</strong><br />
transferring all risks & rewards <strong>of</strong> ownership to the<br />
buyer inspite <strong>of</strong>:<br />
– Legal title not transferred<br />
– Possession not given to the buyer.<br />
• Agreement is legally enforceable<br />
• Significant risk transferred<br />
• Price risk considered to be significant risk<br />
• Buyer has legal right to sell without any condition<br />
or such conditions which do not materially effect his<br />
right