ATV Realty

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The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain . This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer . Over the years, Capital Gain Tax has been determined based on a number of factors such as the intention of the taxpayer, relationship to the taxpayer's business, frequency of transactions, length of time held, nature of the transaction and objects of the corporation.

Taking the items above into consideration, and staying inside of our desired area, we hope to find from three to ten comparable properties. If there are more, that's great, as we can narrow our selection by the criteria even more. Taking the final list, we are now ready to do our adjustments for feature differences. Unless we were lucky enough to find several identical properties, we now must adjust values for the feature differences. In this process, we adjust the selling prices of our sold comparable properties by the estimated value of features that are different from our home to list.

Multiple Listing Service . MLS® is a computer-based system that relays valuable information about your home to a vast network of Real Estate Sales Representatives and potential home buyers in your market area. Remember, the greater exposure the greater the chances for a higher price. Also, most Real Estate Sales Representatives work for real estate companies that have their own websites or real estate online web portals which will feature your listing; these websites are generating thousands of visitors a day.

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