If you have sold or have considered selling a house or an apartment but you are not sure about the taxes, let us take a closer look together at the statutory exemptions available to natural persons.
People who sell real estate property that generates an income generally have to pay income tax on the proceeds of the sale. However, under certain conditions, this income may be treated as tax-exempt. These conditions vary depending on the type of real estate and the specific circumstances which are are specified in the Income Taxes Act (“ITA”).
Sale of a . . .
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