Our team has successfully advised a leading real estate company on the LTT implications of acquiring approximately 80% of a prestigious Ottawa apartment building valued at around $27 million.
Dealing with a myriad of intricacies in the tax laws, we were able to provide legal advice that will suit the client best in structuring their taxes, keeping in mind the deference and penalties that may apply. It is undoubted that we have the right experience in both real estate closing and taxation law that enhances post-acquisition processes in accordance with Ontario and other related municipal taxa¬tion laws.
Drawing from our knowledge of real estate law and our dedication to providing effective legal services, our legal team first brought our client up to speed with the precise contractual obligations and then facilitated the transaction phase to guarantee that the company’s interests were fully protected and the transaction worthwhile.
