PLC Latest Tax Update:Disposal by way of Gifts



Sell Assets or RPC after 5 years of ownership as GIFTS Donor & Recipient are:

Husband, Wife, Parents & Child or Grandparent/Grandchild

Deemed as No-Gain-No-Loss Transaction


Acquisition Price to RECIPIENT

Will follow ORIGINAL Acquisition Price of the DONOR


NOT applying Market Value of Assets when transfer Gifted


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