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Feature Property - Fort GayWV2960 Perry Lane, Fort Gay, Wes

$65,000

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Address: 2960 Perry Lane	City/ST: Fort Gay, WV	Zip Code: 25514
Location: 2960 Perry Lane, Fort Gay, West Virginia	Property Type: Land	New or Resale: Resale
Square Footage: 0	MLS# 115994

Contact: Richard Leach at,[rlrealtor@comcast.net] or, Cell: (304) 544-1495

Last Updated: 7/11/2009 5:57:31 PM
Listing Agent and Office: Richard Leach, PRUDENTIAL BUNCH COMPANY

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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.

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Q	What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?
A	The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology.
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PrudentialBunchExperts.com, REALTOR�, real estate agent and broker for Proctorville, Ohio, Huntington and Barboursville, West Virginia home listings, property and land for sale

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Prudential Bunch Realtors
523 11th St.
Huntington, WV 25701
304-525-7761
Fax: 888-332-7942
PrudentialBunchExperts@prudentialbunch.com

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