| A non-recurring capital gain is a rare, or even a once-in-a-lifetime event: for example when you sell a cottage. |
| Second, when you decide to sell your shares, if you do so at a profit, you'll realize a capital gain. |
| Holders of income shares got all the income earned from the trust, while holders of capital shares got all the capital gain. |
| Such losses cannot be used to shelter non-rental income, which would include any capital gain that you may make on the sale of this apartment. |
| For investors wanting to cash in at maturity this could give rise to a capital gain or a capital loss. |
| This is a disposition for income tax purposes and accordingly, could result in a capital gain or loss for such purposes. |
