Capital Gains Tax!

Capital Gains Tax!

We are often asked by clients what is my capital gains tax rate? Capital Gains Tax is not a set tax but is determined based on your marginal rate, discounted and adjusted depending on what capital gain exemptions can be applied. Twenty-five years ago, Capital gains...
What is an initial repair?

What is an initial repair?

An Initial repair occurs when you acquire a new rental property that has existing know repairs. Initial repairs are not able to be claimed outright in the first tax year but treated as a capital expense. We are often asked what is the tax treatment of an initial...