How the Capital Gains Exemption Works

Description

This presentation will explain the Capital Gains Exemption in detail.

Who will benefit

Farmers who are considering selling land and buildings.

Participants will learn:

  • When to sell to third parties
  • Different options when dealing with next generation
  • What qualifies for the exemption?
  • Does using the exemption really mean that the sale is tax-free?

*Note: This presentation is also part of a special The Future of Your Farm: Farm Succession Workshop which is presented in conjunction with a lawyer and financial planner. Other topics as part of that workshop discussed are: Succession Planning: Transitioning the Farm to the Next Generation and Succession Planning: Tax Implications Upon Retiring and Selling the Farm to Third Parties.

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