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144 Views • Apr 11, 2023 • Click to toggle off description
If you're buying a pre-construction unit with the intention of flipping it before closing, then just don't buy.

Why?

Because there are 2 killer tax implications on assignment sales.

The majority of your profit will be going to the government as taxes.

Recently, the government proposed a change to one of the killer tax implications and it will affect all assignment agreements signed on or after May 7, 2022.

In this video, Dan will be going through the details of this change.
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Views : 144
Genre: People & Blogs
License: Standard YouTube License
Uploaded At Apr 11, 2023 ^^


warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 5 (0/8 LTDR)

100.00% of the users lieked the video!!
0.00% of the users dislieked the video!!
User score: 100.00- Masterpiece Video

RYD date created : 2023-04-12T05:13:40.559876Z
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4 Comments

Top Comments of this video!! :3

@condowong

1 year ago

Must watch if you are thinking about BUYING an assignment:
https://youtu.be/uScjfQ3cbb0

Must watch if you are thinking about SELLING an assignment:
https://youtu.be/VK567lf4Jto

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@hamzakhalid691

1 year ago

Does tax also depend on your initial intention whether you wanted to live in it or sell it ?

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@vert911

1 year ago

broken system

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