Author Topic: New Listing - Varenna Plan 2 in The Groves @ Orchard Hills (52 English Saddle)  (Read 1745 times)

Offline box

  • Tourist
  • *
  • Thanks
  • -Given: 15
  • -Received: 12
  • Posts: 43
Wow 5 months free?? Ok you win all the awards. Congrats on the sale

Well the price was initially $2.06m with a $6k per month rent back but since the seller would pay capital gains tax above a $2m sales price it only made sense to reduce the price by $30k in exchange for a free rent back.  Seller pays less in long term capital gain taxes and buyer pays less in property taxes, a true win-win situation.

Curious, what changes with capital gains tax above the $2M sales price?

The following member(s) thanked this post:

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters

SimplePortal 2.3.7 © 2008-2022, SimplePortal