PURCHASE PRICE ALLOCATION RULES
Sep 02, 2021
3 minutes
MARK WITHERS
The Government has recently passed new tax legislation known as the purchase price allocation rules.
These rules are set to impact commercial property transactions in excess of $1 million and residential transactions in excess of $7.5 million.
The new rules are designed to ensure that the allocations given to component parts of a transaction are the same for both buyer and seller to ensure there is symmetry in the tax treatments of both parties. To date, there has
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