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The Basement
Gibson raided
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<blockquote data-quote="Tim McCulloch" data-source="post: 35702" data-attributes="member: 67"><p>Re: Gibson raided</p><p></p><p>There are "loopholes" that a financial adviser or estate planning attorney coulda/shoulda suggested to your Aunt. Folks who pay "full price" at the taxman's cage needed advice and counsel at least 3 to 5 years earlier (and then followed that advice). I'm sorry to hear she's taking such a big hit. Is this income tax on the profit from the sale of a primary residence, or is it capital gains on a second residence, vacation property, etc?</p></blockquote><p></p>
[QUOTE="Tim McCulloch, post: 35702, member: 67"] Re: Gibson raided There are "loopholes" that a financial adviser or estate planning attorney coulda/shoulda suggested to your Aunt. Folks who pay "full price" at the taxman's cage needed advice and counsel at least 3 to 5 years earlier (and then followed that advice). I'm sorry to hear she's taking such a big hit. Is this income tax on the profit from the sale of a primary residence, or is it capital gains on a second residence, vacation property, etc? [/QUOTE]
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