The purchaser of a Steady Brook Inn hotel/condominium unit will qualify for the Newfoundland and Labrador Resort Property Tax Credit. Take advantage of personal or corporate tax credits equaling 45% of your investment. You can carry tax credits back 3 years or forward as much as 7 years for a total of 10 years.
Need more reasons to get in touch about investing?
How about these:
- For five years, each owner will receive a guaranteed annual income of $5,000 from Steady Brook Inn
- In addition, each owner will receive $2,000 in personal room rental annually
- The Steady Brook Inn allows you access to an emerging market with plenty of room for capital appreciation.
Government research indicates a need for luxury accommodations, services and resort properties in the area. Steady Brook delivers on all three. With high occupancy rates, low operating costs and a tax credit that puts money back in your pocket Steady Brook Inn is an investment that takes care of itself.
