[Verse 1]
When Sarah sells her vintage violin at forty-three
After twelve long months of ownership, she'll pay the fee
Capital gains will cut her profit, half the rate applies
But listed personal property has different rules to recognize
[Chorus]
LPP needs eight thousand threshold, don't forget the floor
ABIL converts your business loss to something so much more
Superficial rules will catch you, thirty days both ways
Capital property has secrets hidden in its maze
[Verse 2]
Tom invested in his brother's tech startup last July
When bankruptcy papers landed, made his wallet cry
Allowable business investment loss transforms the pain
Capital loss becomes ordinary, tax relief again
[Chorus]
LPP needs eight thousand threshold, don't forget the floor
ABIL converts your business loss to something so much more
Superficial rules will catch you, thirty days both ways
Capital property has secrets hidden in its maze
[Bridge]
Principal residence exemption shields your family home
But change of use elections let you choose which way to roam
Identical properties purchased close together blend
Superficial loss provisions make the tax rules bend
[Verse 3]
Maria bought and sold the same blue chip stock twice
Thirty days between transactions seemed like sound advice
But superficial loss denial blocked her tax relief
Same person, affiliated group causes this grief
[Chorus]
LPP needs eight thousand threshold, don't forget the floor
ABIL converts your business loss to something so much more
Superficial rules will catch you, thirty days both ways
Capital property has secrets hidden in its maze
[Outro]
Small business corporation shares unlock the ABIL door
Specialized capital rules determine what's in store