to all Sifus, if i purchase a property under an unemployed person name. would the IRS come after them?
Puchase property under proxy name
|
|
 Apr 16 2012, 01:00 PM, updated 14y ago
Return to original view | Post
#1
|
 
Junior Member
6 posts Joined: Mar 2012 
|
|
Quote|
|
|
|
|
Apr 16 2012, 04:04 PM
Return to original view | Post
#2
|
|
Junior Member
6 posts Joined: Mar 2012
|
in cash. and value is slightly below 300k.
|
|
|
Apr 16 2012, 04:23 PM
Return to original view | Post
#3
|
|
Junior Member
6 posts Joined: Mar 2012
|
but if the money is borrowed by me, and i have valid proof where the money came from, it should be fine right?
|
|
|
Apr 17 2012, 11:53 AM
Return to original view | Post
#4
|
|
Junior Member
6 posts Joined: Mar 2012
|
QUOTE(michaellee @ Apr 17 2012, 11:08 AM) What is your relationship with the proxy? Why the need for proxies when you are more than capable to buy it. If you care to share the story perhaps I could suggest something. Main reason is to enjoy the RPGT waiver. |
|
|
Apr 17 2012, 12:21 PM
Return to original view | Post
#5
|
|
Junior Member
6 posts Joined: Mar 2012
|
No. Its a direct purchaser from developer using others name but money came from me. then when he sell off the unit can claim for RPGT waiver since he never purchaser or sell any property before. after that he return all the money to me.
In that case i save at least 5% or maybe 10% of RPGT. Added on April 17, 2012, 12:25 pm*purchase not *purchaser This post has been edited by Condo88: Apr 17 2012, 12:25 PM |
| Change to: |  0.0127sec
 0.78
 6 queries
 GZIP Disabled
Time is now: 15th December 2025 - 12:43 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.