We want to:
1) claim our condo as the home we purchased as a result of our move;
2) Use it as a rental possibly within this year;
3) When it comes time to sell still be able to use fees like legal and deed tran tax to reduce capital gains.
Can we?
Is this considered claiming these fees twice? Or do these fees become rolled up with the purchase price and considered part of the cost of purchase regardless of if they were part of a claim for a move.
There are a few different things to consider here, and I've been unable to find any definite answers in regards to whether or not you would actually be claiming these fees twice.
I strongly suggest contacting the CRA for a definitive answer on this. Hopefully, this helps somewhat. 🙂
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