caiptal gains tax
If I am going to give my home to my Son, how do we avoid captial gains if he sells it?
Asked on 1/14/07, 12:19 pm
1 Answer from Attorneys
Russell Golowin
Golowin Legal, LLC
Re: caiptal gains tax
This is a problem with giving gifts of appreciated property.
In general if you give property to someone you are essentially ensuring they will have to pay a big tax bill (if it is appreciated).
Knowing why you wish to give the home to your son and other facts may help determine what the best route to take is.
Answered on 1/14/07, 12:30 pm
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