Acquisition cost of property in case of HUF dissolution

Dear Sir, as per your query,

You can dissolve the HUF by executing and registering a partition deed among all coparceners. This is not taxable under Section 47 of the Income Tax Act. For partition deed: around 4–5% stamp duty + 1% registration of market value (concessions possible for family partitions).

For sale deed: buyer pays around 6–7% stamp duty + 1% registration.

Get the property valued and circle rate verified from the local Sub-Registrar.

For further details & clarification, feel free to contact our OLQ Team for a detailed discussion.