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What part of a site is as an investment in Canada?

I have someone interested in buying a site that I (my company) is one. My Accountant but has told me that if I sell it to, I would have up to $ 250,000 in capital gains tax to pay. I really do not know how these assets is. It's electrons fly through hyperspace … I do not see how this should be treated differently than if I sell a widget. If I buy a widget, it is a Asset of me. If I sell that widget for 3x what I paid for it, that a sale will be considered, no capital gain. And I only pay taxes on profits I have, if at all, and only after I factor in my cost. So what can this as an investment? The domain? The Registered User? The source code? The Traffic? The Google Page Rank? The brand? The database? Or it is a combination of all? I do not see how this is different than a widget.

Your accountant is correct. Your Website is an eligible capital expenditure. This is property that does not exist physically, but also gives you a lasting economic benefit. As a franchise or License. Your cost with regard to the structure of the website have already been before, so you disconnected created no basis in the site. Importance of the sale of the site is pure profit. Widgets are inventoried: this is different. The fact that capital gain is a good thing because you get taxed on only half of what something opposite current income, which the whole is taxed. Read this P1612_149281 for more information: http://www.cra-arc.gc.ca/E/pub/tg/t4002/t4002-e.html #

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