In Section 54, "appurtenant land" refers to the land attached to the main property, typically used for the same purpose or connected in use to the main property being transferred. This term is often used in the context of a capital gains tax exemption on the sale of residential property under Section 54 of the Income Tax Act.
The exemption allows taxpayers to invest the capital gains from the sale of their residential property into another residential property, thereby avoiding tax liability. The term "appurtenant land" clarifies that the exemption also applies to the land adjoining the residential property, as long as it serves a purpose connected to the main property, such as a garden, driveway, or backyard.
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