Search found 4 matches

by RichC999
Tue Feb 28, 2012 2:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Form T1243 and foreign personal use vacation property
Replies: 6
Views: 5651

Thanks for the information.

We purchased the land and had the the property built all through a Canadian based company for the very reason of not having to deal with the local development, construction etc. We do not speak Spanish. We determined FMV by looking at other properties for sale.
by RichC999
Tue Feb 28, 2012 1:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Form T1243 and foreign personal use vacation property
Replies: 6
Views: 5651

Form T1243 and foreign personal use vacation property

Some much needed help from you kind people. I own a vacation home in Honduras purchased in 2006. We moved from Canada to US on L1A visa in October of last year. When filing my departure tax do I include this property on my T1243 and pay capital gains assuming I have some? I see form T1161 which look...
by RichC999
Sun Jul 24, 2011 10:32 pm
Forum: Canada / United States Tax & Accounting
Topic: Sell or Rent
Replies: 3
Views: 2701

Thanks for the reply. So in 4 years, which country do I pay the capital gains to?

Richl
by RichC999
Sat Jul 23, 2011 2:09 am
Forum: Canada / United States Tax & Accounting
Topic: Sell or Rent
Replies: 3
Views: 2701

Sell or Rent

I need help deciding on whether to sell or rent our primary residency here in Canada. We are moving (most likely permanently) to Houston Tx and we are wondering if there is a benefit (tax wise) to selling our house before we go or using it for rental. My specific question pertains to Capital gains. ...