MichaelRoss
May 22, 2008, 03:46 PM
Pete,
Thanks for suggestion Offshore Living :)
My understanding of the US is... you Also pay tax on Capital Gain. However, if you do a Property Transfer - you'll be reinvesting the profit into more property within 12 months - you don't pay the tax on the Gain.
However, you will still be paying the usual selling and buying costs. Throwing away money you don't have to.
Michael Ross
Thanks for suggestion Offshore Living :)
My understanding of the US is... you Also pay tax on Capital Gain. However, if you do a Property Transfer - you'll be reinvesting the profit into more property within 12 months - you don't pay the tax on the Gain.
However, you will still be paying the usual selling and buying costs. Throwing away money you don't have to.
Michael Ross
