Latulippe v. Agence du revenu du Québec, 2019 QCCA 2177

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Summaries

Summary Under

subdividing a rental property to substantially enhance the sales proceeds did not entail conversion to inventory

In December 2006, the three individual taxpayers acquired, for $392,130 and in equal co-ownership, a rental building with eight apartments towards...

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Summary Under

subdivision of rental property prior to sale of individual units did not detract from capital account treatment

Three individuals who had purchased an eight-unit rental property in co-ownership, determined around 4 ½ years later to sell the property due to...

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