An S corporation generally does not pay any income tax ... personal liability but losing the capital gains exemption. Before you purchase a property through your business, or purchase a property ...

When is capital gains tax payable on the sale of property? And at what rate are capital gains taxed? We answer these ...

A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly capital gains taxes.

You don’t pay tax on the sale of your home, but you may have to for a secondary property or residence, and/or investment property. According to the CRA, a property is exempt from capital gains ...

Property is a particularly Australian obsession – we feel a sense of empowerment when we can see what we own and say, “that’s ...

Ottawa defers effective date of capital gains changes to 2026 and promises exemptions for the tax inclusion increase..

When you sell them, you have capital gains or losses. If you have gains, you need to pay tax on that. The tax depends on the holding period of the asset. In terms of equity, short-term capital gains ...

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT) as a basic-rate taxpayer, or 24% if you pay a higher rate of tax. For other assets, such as shares, the rate depends ...

1. Section 112 of the Income Tax Act provides for taxation of Long-Term Capital Gain. The Finance Bill, 2024 amended Section 112 to reduce the rate of taxation of long-term capital gains from 20% to ...

However, you have to ensure mail arrives at your new residence instead of your California property ... that you still have to pay California taxes on your capital gains. A professional tax ...