real estate ownership to family traust

Question

207 viewsMarch 14, 2024Accounting

0

hezi zlotorinsky (anonymous) Posted March 11, 2024

Can I Transfer Real Estate Ownership To Family Traust? Do I Need To Pay Capital Gain?

1 Answer

score 0 · Answer 1 · 2024-03-14T21:06:11+00:00

Hi Hezi,

You can transfer property to a family trust. If the fair market value is more than the cost amount of the property, you will pay capital gains tax in respect of the transfer.

real estate ownership to family traust

1 Answer

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