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Forum: The Rovers Return

Jan 17th 2017, 4:28 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

Ah, I missed that on my quick scan of the listing.

If after due diligence it is rentable and if (as I suspect you are) you are cash purchasers then I could see it working out. Bridlington,...

Forum: The Rovers Return

Jan 17th 2017, 4:00 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

VC in this context = Venture Capitalist?

The listing shows "running costs"at £645 pm (without definition of what those costs are, probably just utilities). That's nearly £8K a year. It also says...

Forum: The Rovers Return

Jan 16th 2017, 6:17 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

Fair enough. I don't know, but it seems plausible, on average. Most of the wilderness that is Canada is likely dirt cheap.

Forum: The Rovers Return

Jan 16th 2017, 5:45 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

Reading between the lines, not2old, do I take that your FIL has passed on? If so my condolences.

Forum: The Rovers Return

Jan 16th 2017, 5:18 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

I agree with everything except the bolded bit. Not that I've done exhaustive research, but anecdotally, I sold my house near Toronto in 2015 for 4x what I paid for it in 1993, sold it to people who...

Forum: The Rovers Return

Jan 16th 2017, 4:29 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

There certainly is if it involves getting a mortgage.

Forum: The Rovers Return

Jan 13th 2017, 6:25 pm

Replies: 37

Capital gain Tax on a build & flip

Views: 3,662

Posted By Novocastrian

Re: Capital gain Tax on a build & flip

I think it would be same for your scenario: purchase price for the building lot, minus construction costs etc.

BTW your new location coordinates put you on the Manitoba/Nunavit border on the...

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