Analysis: Developer’s Real Estate Properties on Capital Account

Gleaning principles from real estate trading cases is a difficult task because of the fact-specific nature of each case. Generally, real estate properties owned by a taxpayer that carries on a real estate development business are inventory. Daniel J. Morrison explains why the recent decision in Belcourt Properties Inc. v. The Queen (2014 TCC 208) demonstrates that this is not always the case.

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Originally published in Tax for the Owner-Mangager by Canadian Tax Foundation.