Sivasubramaniam v. The Queen, 2008 DTC 3886, 2008 TCC 261 (Informal Procedure) -- summary under Real Estate

By services, 28 November, 2015

Before finding that rental condominium units of the taxpayer were capital property to him notwithstanding his professed intention of reselling them at a gain, Bowman C.J. stated (at para. 12):

"Most investments are bought in the hope that they will be disposed of at some time at a profit. That does not make them inventory or trading assets."

Topics and taglines
Topic
Income Tax Act - s. 9 - Capital Gain vs. Profit - Real Estate
Tagline
hope to dispose of at gain consistent with capital property
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
339280
Extra import data
{
"field_legacy_header": "<a id=\"Sivas\"></a><strong><em>Sivasubramaniam v. The Queen</em></strong>, 2008 DTC 3886, 2008 TCC 261",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}