Hello,
I'm a UK citizen planning on buying a property in Toronto. I know that if I do so, there is a 15% tax I need to pay.
Is it possible that I apply for a Canadian PR (I have checked that I qualify), and once I get the PR then purchase the property? If so, would it then be possible to gift it to my brother who is a Canadian citizen?
I'm not looking for a mortgage for buying in Canada, and would be purchasing the property using my own funds.
Finally, is there any UK Tax implication if I did this?
Thanks
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