How can I sell a property without paying taxes?
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blayne
Apprentice
Joined: 19 Dec 2004
Posts: 1
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 Posted: 09/29/08 - 09:25 Post subject: |
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| Hello everyone! I am thinking about putting my second property on the market and selling it, because I would like to invest the money into something else. But I don't see much benefit in paying taxes. How can I sell the property without paying taxes? Do you have any tips for me? |
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krishnah
Apprentice
Joined: 07 Mar 2006
Posts: 1
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| Posted: 10/14/08 - 04:30 Post subject: |
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| Yeah, here's a tip for you: if you try and evade taxes, then you can go to jail. Does that sound nice to you? We all wish that we wouldn't have to pay taxes sometimes... Hell, I sometimes wish that I wouldn't have to take my wife to expensive dinners... But these are things we have to put up with in life, or face the consequences. |
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brigitta
Apprentice
Joined: 25 Mar 2006
Posts: 1
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| Posted: 10/28/08 - 23:34 Post subject: |
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| if it is your second property that you are selling, like you mention in your post, and not your main residence, then you are just about a 100 per cent certain to be due Capital Gains Tax. This is not just any tax, it may be the Mother Of All Taxes; everyone complains about it. But that doesn't mean we don't have to pay! |
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