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Updated almost 3 years ago,

User Stats

312
Posts
145
Votes
Huong Luu
  • Specialist
  • Vancouver, BC
145
Votes |
312
Posts

Capital gains treatment of B&H rental under personal name

Huong Luu
  • Specialist
  • Vancouver, BC
Posted

Looking for some clarification on this. I was recently told by a financial adviser (who is not an active RE investor) that the capital gains on my rental property would be taxed at 100% and would not qualify for the capital gains exemption due to the fact that the property is under my personal name and is my primary income, thus active (or earned) income. Would appreciate any advice (besides talk to your accountant). Has anyone dealt with this before?   

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