Resort Property Investment Tax Credit
Build or expand a high-end tourist resort development outside the North East Avalon region of Newfoundland and Labrador and your investors could qualify for a provincial tax credit.
As a qualifying resort developer, you construct or expand a resort complex with units (town houses, cottages or condominium hotels) for purchase by qualifying investors. As an incentive to buy, the investor is eligible to receive a provincial income tax credit of 45% of the purchase price of the unit.
Specific criteria must be met in order to qualify for this tax credit. Complete details are on the Department of Finance website.
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