0
Could are a higher rate tax payer who owns a second home put the house into his wifes name to avoid 28 percent CTG?
Wiki User
∙ 13y ago
NO that would not do the job. At this time of the year July 21, 2010 the maximum long term capital tax rate on the sale of a personal asset (second home) owned MORE than one year would be 20% LTCG rate unless the rules change before the end of the year 2010.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What percentage deposit is required to avoid mortgage insurance?
ten percent
Is it best to put 20 percent down on a house?
It is best to put 20 percent down on a house; then you avoid the PMI charge per month.
What are the disadvantages of using a credit card with a zero percent APR?
Credit cards with a zero percent APR generally have minimum monthly payments that must be made in order to avoid costly charges. If your minimum payment is not made each month, you may be hit with costly penalty fees.
How could one avoid bad credit ratings?
You can avoid bad credit ratings by ensureing that payments to creditors are made on time and at the required amount. If you miss payments that may be logged on your credit record, leading to a poor rating.
What could have been done to avoid the enron scandal?
there should have been more governmental regulation and reviews of large corporations, like Enron.
What could you do if a disaster happens a second time?
You could try get out of the place where you are, but you must avoid falling objects!
How could you avoid the incident from occurring?
avoid the problem
What percentage deposit is required to avoid mortgage insurance?
ten percent
How did wiesel's father avoid the second selection?
no se
How does Mr Wiesel avoid the second selection?
Mr. Wiesel avoids the second selection by feigning sickness and staying hidden, avoiding detection by the SS officers conducting the selection process. By staying out of sight and not drawing attention to himself, he is able to avoid being chosen for the second selection.
Why is low voltage circuits separated from higher voltages?
avoid crosstalksafety, a short between them could cause hazardous voltages where none are expectedprotect low voltage equipment from damageetc.
What do 62 percent of British people do once a year?
avoid traffic lights
How could Serbia avoid the war?
There was no way Serbia could avoid Yugoslav war, because if there was Serbia would have done it...
Why do Firms trying to avoid competition?
Firms try to avoid competition so that they can set higher profits and earn greater profits.
How do you avoid grout in your food?
To avoid grout in your food place the dish higher up in your oven. This will cause the food to cook a little slower and will help you to avoid geout in your food.
Is it best to put 20 percent down on a house?
It is best to put 20 percent down on a house; then you avoid the PMI charge per month.
How-to avoid an upset price sale?
Sell higher than the upset price
