Author Topic: New Listing - Varenna Plan 2 in The Groves @ Orchard Hills (52 English Saddle)  (Read 1744 times)

Offline mythicquest

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I assume it’s not the 2mil but rather the 500k triggering cap gains since these varennas were about 1.5 new

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?

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