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Real Estate Tips
Tax Considerations >Not at ARMs Length

A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.

The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.

For answers to all your real estate questions, consult experienced professionals who are familiar with this area.

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Real Estate Trivia
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According to Feng Shui, the art of home placement, what five elements are needed in a harmonious environment?

A 
Wood, fire, earth, metal and water must be balanced to create a happy, prosperous home.
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The Jackson Team, REALTOR®, real estate agents and broker for Clintonville Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

The Jackson Team
Keller Williams Capital Partners Realty
100 E. Wilson Bridge Rd
Worthington, OH 43085
614-888-1000
614-431-1220
Fax: 614-888-3880
Email: realtorjoe@earthlink.net

Joe Jackson and his team are some of the top-selling Realtors in the Clintonville,Beechwold and University areas. Licensed since 1979, Joe’s hard work and dedication have earned him the Columbus Board of Realtors 25 Million-Dollar Award, a Hall of Fame Award, and the Columbus Board of Realtors volunteer service award.

CRS Equal Housing REALTOR CDPE ePro


Keller Williams Capital Partners Realty real estate and homes for sale in Clintonville Ohio

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