还是搞不明白：房子的CCA到底应不应该报？

[xuxu]

报CCA可以地税，可以在卖房子的时候会怎么样？要把报过的CCA都还回去吗？税务方面有什么要求影响？CCA recapture到底是干嘛的？



有人知道可以指点吗？ 谢谢。

 

[Jalise]

报CCA可以地税，可以在卖房子的时候会怎么样？要把报过的CCA都还回去吗？税务方面有什么要求影响？CCA recapture到底是干嘛的？



有人知道可以指点吗？ 谢谢。

For rental property, you can claim CCA against your rental income. When you sell the rental property, you will have to do a CCA recapture.

For example, in 2012 you bought a rental property for $300K. You
can claim up to 1/2 of 4% of $300K = $6,000 CCA, providing your rental income is at least this amount.

Assuming you sell the property this year at $320K. You have to pay tax on the $6K recapture CCA you claimed in 2012 and the 1/2 of $20K capital gain.

 

[向问天]

For rental property, you can claim CCA against your rental income. When you sell the rental property, you will have to do a CCA recapture.

For example, in 2012 you bought a rental property for $300K. You
can claim up to 1/2 of 4% of $300K = $6,000 CCA, providing your rental income is at least this amount.

Assuming you sell the property this year at $320K. You have to pay tax on the $6K recapture CCA you claimed in 2012 and the 1/2 of $20K capital gain.

You have to pay "the 1/2 of $20K capital gain" anyway. The real differece is the tax on the $6K recapture CCA, right?

 

[Jalise]

You have to pay "the 1/2 of $20K capital gain" anyway. The real differece is the tax on the $6K recapture CCA, right?

Yes. In a way, claiming CCA defers tax paying.

If you rent out your principle resident, never ever claim CCA. You do not want to pay capital gain on selling your principle resident.

 

[xuxu]

Thanks.

It's easier to understand with an example, thank you.

在两个问题在求证一下：

1. Tax paid on CCA recapture, is it the same as income tax?

2. CCA必须每年都报吗，如果一旦报了的话？如果有一年没报，可以在下一年累计报吗？

谢谢！

For rental property, you can claim CCA against your rental income. When you sell the rental property, you will have to do a CCA recapture.



For example, in 2012 you bought a rental property for $300K. You

can claim up to 1/2 of 4% of $300K = $6,000 CCA, providing your rental income is at least this amount.



Assuming you sell the property this year at $320K. You have to pay tax on the $6K recapture CCA you claimed in 2012 and the 1/2 of $20K capital gain.

 

[xuxu]

有人qqh问什么是CCA，it's Capical Cost Allowance

 

[Jalise]

在两个问题在求证一下：

1. Tax paid on CCA recapture, is it the same as income tax? Yes.

2. CCA必须每年都报吗，如果一旦报了的话？No.
如果有一年没报，可以在下一年累计报吗？I don't think so. The CCA is based on the latest UCC.

Please check with your accountant.

 

[Jingle]

谢谢上面的讨论，正好有同样的问题。

 

[xuxu]

Thanks Jalise, 给你加声望了：）

 

[Jalise]

Thanks Jalise, 给你加声望了：）

谢谢.