The fine print on real estate: A tax guide on domestic and cross-border investments
This presentation unpacked the tax issues shaping cross-border real estate investment and domestic development, along with the GST/HST cases and tax court decisions affecting real estate ownership and development today. Howard Wasserman (Tax Partner, Segal) opened with the tax considerations on owning US rental properties and what today’s economy means for write-downs on stalled or underperforming development properties. Alisha Butani and Raffaella Garofalo (Tax Controversy and Disputes Resolution Associates, Miller Thomson) then turned to the dispute side: the GST/HST cases setting precedent for real estate transactions, and the income tax issues most likely to land real estate owners and developers in the CRA’s sights.