M city condos prices. Self-housing is sold in Canada. To illustrate with an example, a Chinese friend bought and sold and replaced his house four times in three years, and each time he bought an old house for decoration and sold it after his family moved in for a period of time. This has always been to keep only one house at any time.Please Visit: M city condos prices to Get Your VVIP Registration Today!
When he recently learned that the tax bureau not only did not grant tax exemption, but also taxed according to business income, he was very surprised and angry. “doesn’t every family have a place for tax-free self-housing?” , “I didn’t live in it?” .
In fact, this friend understands that each family can enjoy a quota of tax-free self-housing, need to really move in, and so on, are valid relevant rules, but he does not know that there are other rules, and the application of these rules is still quite complicated.
To put it simply, from the result, the tax treatment that taxpayers get from real estate transactions can be divided into three categories: tax exemption (self-housing), 50% taxable income (capital appreciation), and taxable income (business income).
However, in terms of nature, there are only two categories of real estate transactions, capital appreciation and business income, while taxpayers’ income from the sale of their “main residence” (principal residence) belongs to capital appreciation, which is only an exceptional capital appreciation, tax-free capital appreciation.
On July 25, Fangxia overseas Real Estate will hold Fangxia overseas Real Estate property Exhibition, which will provide you with overseas direct sales of good housing, and there are senior experts to teach you how to easily buy overseas property!