The portion of your home used for a home office will now be removed from capital gains protection when you sell, no? You’ll have to raise your sale prices to cover that cost.
It will? Link?
Posted 28 March 2024 - 12:46 PM
The portion of your home used for a home office will now be removed from capital gains protection when you sell, no? You’ll have to raise your sale prices to cover that cost.
Posted 28 March 2024 - 02:53 PM
It will? Link?
based on (a very quick google search) it looks like this only applies if you take CCA (depreciation) on the portion of your home used for the office... if that's true, most people running a home based business wouldnt take CCA anyway.. so maybe it's no biggie?
https://turbotax.int...ou-claim-2-5713
https://www.canada.c...e-expenses.html
The capital gain and recapture rules will apply if you deduct CCA on the business use part of your home and you later sell your home.
Edited by max.bravo, 28 March 2024 - 02:53 PM.
Posted 28 March 2024 - 02:59 PM
Correct about CCA. It was not worth it for me.
Posted 29 March 2024 - 08:29 AM
Posted 29 March 2024 - 08:29 AM
So more people then?
Posted 29 March 2024 - 08:34 AM
It's almost as if demand has something to do with prince.....
Posted 29 March 2024 - 08:34 AM
This is just nucking futs.
Posted 29 March 2024 - 08:46 AM
In a sane world you turn off the faucet when the tub is overflowing.
Posted 29 March 2024 - 08:47 AM
Edited by max.bravo, 29 March 2024 - 08:48 AM.
Posted 13 April 2024 - 11:37 PM
$9,300,000
Devon Properties is please to present for sale Savannah House Apartments, a well-maintained multifamily building located in one of Victoria's most desirable residential neighborhoods, Fairfield. This four-story building benefits from extensive upgrades in 2014 and 2015 and features 30 one-bedroom units and 1 three-bedroom unit. Situated on renowned Cook Street, Savannah House Apartments is centrally located with easy access to amenities, contributing to a compelling long-term investment opportunity within a stable rental market. For access to the virtual data room containing financials and other building related documents, please reached out to the listing agent for the required confidentiality agreement.
https://www.realtor....-fairfield-west
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