Bullboard - Stock Discussion Forum Brookfield Property Partners L.P. BPY

Real Estate

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment... see more

Add To Watchlist

NDAQ:BPY - Post Discussion

Brookfield Property Partners L.P. > BPY Buy Out & Canadian Tax Implications

View:

Post by my2pennies on Jan 24, 2021 12:37pm

BPY Buy Out & Canadian Tax Implications

So I've got the best problem I could ask for with regards to the potential buyout or BPY-UN.TO. I'm sitting on a VERY large unrealized capital gain as I went a bit banana's on buying the stock when it was in the high $11 /low $12 range. I was never planning on selling as I'm close to retirement and wanted the dividend income, but now will be forced into a tax consequence. I've never been in a buyout situation before in non-tax sheltered account and need some advice (and yes I will be taking to an accountant as well). The cash buyout obviously triggers a Canadian capital gain tax, but what happens if I take a stock swap of BPY for BAM. Will the stock swap defer my capital gains untill I decide to see BAM?

412