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Real Estate Tips
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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Nancy Schwiesow and Paul Schwiesow, REALTOR®, real estate agent and broker for Silver Spring and Bethesda Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Schwiesow and Paul Schwiesow
Long and Foster Real Estate
4650 East West Highway
Bethesda, MD. 20814
DIRECT - Best Contact #: 301-215-6845
Home Office: 301-587-8458
Fax: 301-907-6610
Office Number (Main): 301-907-7600
Email: nancyandpaulschwiesow@NUMBER1EXPERT.com

Experts in homes for sale and real estate opportunities in Montgomery County MD and Washington DC. Primary market areas include Bethesda 20814 - Bethesda 20816 - Bethesda 20817 - Chevy Chase 20815 - Colesville 20904 - Garrett Park 20896 - Kensington 20895 - Leisure World - Potomac 20854 -Rockville 20850 - Rockville 20852 - Rockville 20853 - Sandy Spring 20860 - Silver Spring 20903 - Silver Spring 20905 - Silver Spring 20906 - Silver Spring 20910 - Takoma Park 20912 - Wheaton 20902 Washington DC - 16th Street NW - Crestwood 20011 North Capitol Hill 20002 - South Capitol Hill 20003 - Cathedral Heights 20016 - American University Park 20016 - Columbia Heights 20010 - Connecticut Avenue - Georgia Ave. - Mount Pleasant 20010 - Downtown 20036 - Dupont Circle 20009 - Logan Circle - Adams Morgan - Friendship Heights - Chevy Chase 20015 - Georgetown 20007 - U Street - Cleveland Park 20008 - Takoma Park - Foggy Bottom 20037 - Rock Creek Park - Military Road - Woodley Park

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