When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

lindsay1 · ‎October 30, 2019

TurboTaxChristine · ‎October 30, 2019

Hi

The land transfer tax should be added to the land portion. Please reference page 21 of the rental income guide 'Land & Part F' Other costs such as legal, accounting fees can be divided proportionately between the land & building.

http://www.cra-arc.gc.ca/E/pub/tg/t4036/t4036-16e.pdf

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TurboTaxChristine · ‎October 30, 2019

Hi

The land transfer tax should be added to the land portion. Please reference page 21 of the rental income guide 'Land & Part F' Other costs such as legal, accounting fees can be divided proportionately between the land & building.

http://www.cra-arc.gc.ca/E/pub/tg/t4036/t4036-16e.pdf

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When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

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When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

When I add the land transfer tax to my CCA for a new rental property, do I use the full amount or only the percentage that applies to the building (and not the land)?

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