Questions Regarding Taxes On Condo Flipping In Real Estate

April 21st, 2015 by

Questions Regarding Taxes On Condo Flipping In Real Estate

Questions Regarding Taxes On Condo Flipping In Real Estate

Watch this episode with real estate agent Joe Terceira, and Toronto tax lawyer Eldad Gerb where Gerb will discuss taxes on condo flipping in real estate.

When flipping condos a lot of people ignore the tax laws are don’t take the time to get educated on how taxes play a big role when flipping condos. When this happens they’re often shocked when they receive a huge tax bill because certain procedures and laws were not followed. Taxes will most certainly need to be paid when flipping condos especially if it’s not your principle residence.

Some people make the mistake of trying to cheat the tax man and this can have really bad consequences. So before you decide to get in the business of flipping condos, sit down with a good accountant and tax lawyer to get some advice.

Gerb tackles all these details and more regarding taxes on condo flipping in real estate.

Our law offices are easily located in the Lawrence and Don Mills location of Toronto and we have plenty of free parking.

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For further information or assistance in regards to taxes on condo flipping in real estate, please contact one of our Toronto tax lawyers or at TEL: 416-446-3327.


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