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posted Feb 24, 2020 9:43:53 AM

Total adjusted cost base - rental property

I am selling a rental property I have owned for years.  When calculating my total adjusted cost base, do I include the GST I originally paid on top of the purchase price?

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1 Replies
Level 13
Mar 5, 2020 1:18:03 PM

As long as you did not receive a rebate for the GST, you will include it in your adjusted cost base; ACB is the cost of a property plus any expenses to acquire it, such as commissions and legal fees.  

 

Here is more from the CRA on the sale of rental properties.

 

And from TurboTax -  Calculating Adjusted Cost Base