About this Guide

This guide gives an overview of possible tax issues related to property transactions, but isn’t a comprehensive property tax resource. We recommend you talk to a tax professional if your situation
isn’t covered in this guide or you’re unclear about anything.

When to use this guide

Any of these situations could apply to a property transaction. You:

• make a gain or loss from property speculating or dealing
• move from property investment into property dealing when prices are rising
• are a property dealer and you hold and rent properties during a downturn
• are a first-time landlord and don’t think about the tax implications of renting your property
• are a shareholder or an owner of an interest in a look-through company (LTC) or partnership that
• owns a rental property
• buy an investment apartment with a managed lease and later change the rental arrangements or sell it
• sell a rental property you’ve claimed depreciation on
• become a dealer because you’ve made a number of purchase and sale transactions
• apply for GST registration when you buy property for dealing or speculation
• purchase a property on or after 1 October 2015 through to 28 March 2018 inclusive and sell it within two years
• purchase a property on or after 29 March 2018 and sell it within five years

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