Explainer: What is the capital gains exclusion loophole?

WHAT IS A CAPITAL GAIN AND WHAT IS CAPITAL PROPERTY?

When you sell something for a higher price than you paid for it, the difference is a ‘gain’. So when you sell something considered capital for more than you paid, the difference is called a ‘capital gain’.

Capital includes any property or asset that can increase in value, such as a house that isn’t your primary residence [1], land, a vehicle, shares in a company, or another asset with monetary value.

ONLY HALF IS TAXED…