robert szappanos wrote:House looks great. Valued at 2 million dollars. Question now is who will pay for the property tax...around 10 thousand a year and the utilities and upkeep and insurance. Sure hope they factored that all in....
robert szappanos wrote:House looks great. Valued at 2 million dollars. Question now is who will pay for the property tax...around 10 thousand a year and the utilities and upkeep and insurance. Sure hope they factored that all in....
Robin Garr wrote:robert szappanos wrote:House looks great. Valued at 2 million dollars. Question now is who will pay for the property tax...around 10 thousand a year and the utilities and upkeep and insurance. Sure hope they factored that all in....
With all respect to the lucky family involved, I'm really curious why the Courier-Journal gave this event something like six front-page stories over seven days. They didn't cover the bridge project, the arena or the library tax with as much ink as that.
TP Lowe wrote:The husband and wife will have lifetime exclusions they can use to absorb any (or most) gift tax. There are certainly some interesting ways to use trusts to avoid gift taxes. It really would be interesting to know how this was structured to avoid the taxes. I wonder the same thing every time I see this show (gift taxes, ongoing maintenance, property taxes, etc etc - how do the new owners handle it over time?).
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