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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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Q	What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?
A	Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard.
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Jim, Caroline and the Davis Team, REALTORŽ real estate agent(s) and broker for madison alabama real estate and huntsville alabama real estate home buying, listings, and homes for sale in Madison County north alabama real estate AL, jim davis of realty world south and madison

Jim, Caroline and the Davis Team
Realty World South
1874 Slaughter Road
Madison, AL 35758
Phone: 256-325-8500
Fax: 256-325-8504
Email: huntsvillesold@NUMBER1EXPERT.com

Absolutely Accessible -- Marketing, Promotion, and Profit for Property Owners. When you need the assistance of a Realtor, Jim, Caroline and the Davis Team and The Davis Team is Absolutely Accessible. We don’t just sell homes (even though we do it faster) we give quality, competent representation for buyers. Our track record of exceptional representation for Buyers and Sellers is unparallel in the market today. The old ways of sticking a sign in the yard and waiting for a call are gone. Information on our new proactive approach is found in our complete marketing package that is available to prospective customers free of charge and obligation. Call or email us today for your free package. 800-515-9959 / 256-651-8500

Jim, Caroline and the Davis Team
Realty World South
1874 C Slaughter Road
Madison, AL 35758
Phone: 256-325-8500
Fax: 256-325 8504
Email: HomeJames@knology.net
Absolutely Accessible -- Marketing, Promotion, and Profit for Property Owners. When you need the assistance of a Realtor, Realty World South and our team of professionals are Absolutely Accessible. We dont just sell homes (even though we do it faster) we give quality, competent representation for buyers. Our track record of exceptional representation for Buyers and Sellers is unparallel in the market today. The old ways of sticking a sign in the yard and waiting for a call are gone. Information on our new proactive approach is found in our complete marketing package that is available to prospective customers free of charge and obligation. Call or email us today for your free package. 800-515-9959 / 256-325-8500

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