Discussion:Selling Real Estate Below Market Value
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Discussion Forum Index --> Advanced Tax Questions --> Selling Real Estate Below Market Value
Discussion Forum Index --> Tax Questions --> Selling Real Estate Below Market Value
| 18 June 2008 | |
| Clients owns a tract of land that they have held for many years. They are considering selling it to the town they live in for below market value. They are only selling it for about 10% below market value. I don't think there is anything else they need to be concerned with tax wise? There is no "donation" for the less than market value? | |
RoyDaleOne (talk|edits) said: | 18 June 2008 |
| Bargain sale and gift? | |
| 18 June 2008 | |
| Eminant domain says that the community must pay a reasonable price for property it wants. | |
Death&Taxes (talk|edits) said: | 18 June 2008 |
| Part of that 10% is the fact it sounds like there is no realtor commission. | |
| 18 June 2008 | |
| I believe 10% below the FMW is just about reasonable IMHO. Who pays FMV for real property neways.... | |
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