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What is the tax rate when you sell a house owned by a corporation?
Wiki User
∙ 15y ago
The profit from the sale of the house (amount of sale minus the basis) will be taxed as income for the corporation, at their usual rate.
Wiki User
∙ 15y ago
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Did Elvis Presley sell a house for 600000 dollars?
no he wouldn't sell a house that he owned
Did exxon gas sell its stations?
The Oil giant Exxon Mobil Corporation plans to sell all its gas owned stations.
Which type of businesses sell stocks?
Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either privately owned or government owned, and privately owned corporations can organize either for profit or nonprofit. A privately owned, for profit corporation can either be privately held Privately_held_companyorpublicly held. with profit corporation's shareholders elect a board of directors to direct the corporation and hire its managerial staff
How do you change a family farm into a corporation?
A farm cannot become a corporation. It can be owned and operated by a corporation. The family can file (with the secretary of state, or local equivalent) for a new corporation to be formed, then "sell" the farm to the corporation in exchange for "shares" (meaning management control and dividends). Or the family can actually sell the farm to an existing corporation for cash, or for shares of the existing corporation, or for a debt instrument (e.g., a promissory note).
Do Shannon tweed have a house in Newfoundland?
No, The house that she used to live in is currently owned by the owner of the Buy and Sell.
Differences between a privately owned and a publicly owned corporation?
In the United States, a publicly owned corporation is one whose shares are traded on public stock exchanges. Generally, anyone may purchase shares in such a corporation. And once they purchase the stock, they may freely sell it over the exchange. Since shareholders are the real owners of a corporation (they elect its Board of Directors), and the purchase of shares in these corporations is open to the general public, such corporations are referred to as "publicly owned." In contrast, a privately owned corporation does not offer or trade its shares to the public on public stock exchanges. Very often such corporations are owned by families, who do not want to dilute their control of the corporation by selling shares to outsiders.
What about the HRL House Realstate Law?
According to the law if you sell your house it can't have been owned for more thn 25 years. If not you can't sell it. If you do you only get 10% of what you were supposed to get.
Can your husband sell your home from under you and your children after eight years of marriage?
Only if he owned the house before your marriage. If the house was purchased during the marriage, you should be part owner and he would not be able to sell the house without your approval.
Will onex corporation sell gates corporation?
yes
What kind of paperwork does the trustee need in order to sell the house after filing chapter 13?
Unless the house was owned free and clear by the debtor, the trustee does nothing. The mortgagee forecloses and auctions the house off. If there was no mortgage, the trustee will either sell the house or auction it off.
Can your sister give her son a house that is also owned by other brothers and sisters without your legal permission?
She can give her share of the house to her son. If the title is properly recorded, he won't be able to sell the house, but he could sell his share of the house depending on how the title is written.
What is the difference between a cooperative and a corporation?
a consumer can get it products from a producer and the producer can make it's own product for example : supermarket get it's goods from a factory and the factory makes it's products to sell
