I sell or rent out my property?
These questions arise at least once in the life of every individual or
business. In today's complex taxation system, you need to take a
careful decision otherwise you can loose a lot of money through taxes.
But a careful planning can help you to save taxes. In our case a person
wishes to sell a property because she feels she has a great offer and
an opportunity to make good profit. Looking at all the possibilities of
saving taxes by using Excel the property owner decides to keep her
office on rent. The following training video shows the calculations in
detail. In such cases it always safer to consult a chartered accountant.
More calculations taking into account the fact that we can deposit our
total sale consideration in tax free bonds also shows that the sale at
the offered price may not be a great advantage. In short, Excel
spreadsheets offer great help in our decision making in many such
- The first step in the decision making is to find the
of acquisition of the property as on date taking into account the
actual purchase price, the cost of registration of the property and
- Next we calculate our capital gains and the tax
- Now we can compute the net income from our net sales
proceeds by depsoiting the money in a bank as fixed deposit
- We discover that there is no major advantage in
property at the offered rate.