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When you sell a capital asset, the difference between the purchase price of the asset and the amount you sell it for is a capital gain or a capital loss.. Capital gains and losses are classified as long-term or short-term.. If Land or house property is held for 36 months or less 24 months or less (w.e.f. FY ) then that Asset is treated as Short Term Capital Asset.
Lot ac $99, Property Description: The former owners of Lot improved their property with a driveway, level building site, a finished and working well (', 35 gal/min) and a finished and working septic system (3 bedroom) so they could use their camper most of the year. The only things they've left for you to do are to provide the home and enjoy the PANORAMIC VIEW.
Lot ac $99, Property Description: The former owners of Lot improved their property with a driveway, level building site, a finished and working well (', 35 gal/min) and a finished and working septic system (3 bedroom) so they could use their camper most of the year. The only things they've left for you to do are to provide the home and enjoy the PANORAMIC VIEW.
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