Mint explains the intricacies of sections 54 and 54F of the Income Tax Act and how they can help cut your tax bill.

There is no explicit restriction in the Income Tax Act that prohibits claiming exemptions under both 54 and 54F sections in respect of the same residential house.

Marshall Clay, a financial expert from The Welch Group, explains capital gains tax implications for baby boomers selling ...

While inheriting a paid off house might sound like a dream to some, the reality can come with a laundry cost of extra ...

It's often said that buying a house is one of the best investments you can make. And, just like any investment, it comes with tax issues. With an investment like stocks or bonds, the profit you make ...

The sale consideration must be divided between the land and building portions, as their cost base and tax treatment may differ | Real Estate News ...

I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital ...

Sorting tax bills and finding and filling out the right forms can be a challenge for those who rarely have cause to do so ...

We jointly own our old home after a disaster when buyers pulled out and we took a bridging loan to buy our next house. We let ...

Selling to a tenant isn't automatically classed as a connected-person sale, but it can still fall into a grey area. If the discount is modest – for example, to encourage a quick sale or reward a ...

Analysis: It was hardly a dream debut for Labour's long-awaited, much-argued-over tax package, writes Craig McCulloch.

Investing in ready-to-move-in properties minimizes risks associated with under-construction homes, such as delays and ...