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I know the St. Louis market like the back of my hand, and look forward to showing off our city to you- there's a lot to love here! Visit Webster Groves, Kirkwood, Des Peres, Brentwood, Richmond Heights, and St. Louis city on our web site to gather information about our local history, churches, schools, hospitals, airports, parks and recreation, restaurants, theaters, shops, historical walks, architecture, and the folklore of each area. Searching for homes? Don't miss our Featured Homes! Need expert advice? We've been helping people buy and sell homes for 20 years! Contact us with confidence! We guarantee your privacy will be respected. We offer the services on our site for free and without obligation. Why? We consider it a privilege to assist people every day in achieving their real estate goals. The Sandie Hea Team is a group of professionals who care about your complete satisfaction and the service doesn't end at the closing table. We want to be Your Real Estate Consultants for Life! |
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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.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
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| Q |
What is considered one of the few remaining tax shelters in the 1990s?
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| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
