Re: CAPITAL GAINS TAX

On Wed, 14 Dec 2005, "Will \"Max\" Raymonds" <maxcat10@xxxxxxxxxxx>
wrote:

>Is there anyway I can sell a very nice piece of real estate without
>having to pay u-know-who a huge chunk of Capital Gains Tax????

Probably, Yes - if the parties agree, although whether/how (including,
importantly, how to agree on the sums to be paid) requires specific
analysis a just generalized question like yours prevents.

(Note that you do not even report sufficient facts to enable verifying
that a "huge chunk of Capital Gains Tax" actually would be
reportable/payable in light of the [not by you identified] nature of
the real estate [commerical/investment property? your present buy just
short-term or your long-term primary residence? other?] to which you
refer.)

Yours therefore is still another example of questions not susceptible
to glib "answers" (that would be correct) compared with not being
penny wise and pound foolish and actually consulting a knowledgeable
real estate attorney or like profession (e.g., a tax knowledgeable
accountant).



.

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