Jay P. Trudell, CPA
Real Estate Transaction Tax Services
Purchasing or selling real estate triggers specific tax responsibilities. As someone experienced in real estate transaction tax, I guide clients through key steps—planning, reporting, and filing—to ensure compliance and optimized outcomes.
Real Estate Tax Planning to Support Confident Property Decisions
Real estate transaction tax refers to the taxes that may be triggered when a property is bought, sold, or transferred. These can include land transfer tax, property transfer duties, and capital gains tax, depending on the type of transaction and property use. Whether you’re selling an investment property, transferring ownership through an estate, or buying a rental unit, these taxes come with specific filing and reporting obligations. Failing to account for real estate transaction tax correctly can lead to penalties or interest.
Real Estate Tax Planning Services
Expert real estate tax planning to reduce risk, optimize timing, and support long-term financial outcomes.
Real estate tax planning is an essential part of managing property transactions, especially when timing, ownership structure, or use of the property can significantly affect tax obligations. I provide real estate tax planning that focuses on helping you understand the full tax impact of buying, selling, or holding property. Whether you’re dealing with a rental property, family transfer, or business-owned real estate, careful real estate tax planning can help reduce future tax exposure and align with your financial goals. My approach to real estate tax planning includes reviewing current holdings, future plans, and applicable laws to guide informed decisions.
- Transaction Timing Strategy: Real estate tax planning to determine when to buy or sell for best tax results.
- Ownership Structuring: Advice on how to hold property—personally, jointly, or via a corporation—for tax efficiency.
- Capital Gains Forecasting: Real estate tax planning to estimate tax impact before a sale or transfer.
- Rental Income Planning: Support for tax treatment of short- and long-term rental properties.
- Intergenerational Transfers: Planning for family transfers or gifts with minimized tax consequences.
- GST/HST Considerations: Guidance on how tax applies to real estate sales and new developments.
- Compliance Alignment: Ensuring your real estate tax planning supports future filing and reporting requirements.
Get Started
If you’re considering a real estate transaction—whether buying, selling, refinancing, or restructuring—reach out for a consultation. Together, we’ll review your situation and create a streamlined strategy for real estate tax planning and filing, ensuring your real estate transaction tax obligations are proactively managed.
Real Estate Tax Filing
Accurate, timely real estate tax filing for buyers, sellers, investors, and property owners.
Real estate transactions come with important tax reporting responsibilities. Whether you’re buying, selling, renting, or transferring property, proper real estate tax filing is essential to avoid penalties and ensure compliance. I help individuals and small businesses navigate real estate tax filing requirements with clarity and accuracy. From documenting capital gains to filing principal residence exemptions or change-in-use declarations, every step matters. With my experience in real estate tax filing, you can be confident that nothing is missed. I also assist with multi-year filings, corrections, and late submissions—making your real estate tax filing process efficient and stress-free.
- Capital Gains Reporting: Support for accurate real estate capital gains and allowable expense documentation.
- Principal Residence Exemption: Filing required forms when claiming exemption on a home sale.
- Change-in-Use Elections: Guidance and filing for converting property use (e.g., rental to personal).
- Transfer and Disposition Filings: Ensuring correct reporting when property is sold or gifted.
- Late or Amended Filings: Helping you correct or complete outstanding real estate tax filing obligations.
- Multi-Property Filings: Managing reporting for individuals or businesses with several properties.
- CRA and IRS Correspondence: Responding to tax notices and clarifying real estate transaction details.
Jay P. Trudell, CPA, is an accountant who serves clients across Canada and the USA.