Legal Question in Real Estate Law in California

gift of equity

A friend is selling a property in Los Angeles for $500,000 and is giving a gift of equity of $100,000 towards the purchase price. Does the seller have to pay any taxes on the $100,000 gift of equity?


Asked on 8/01/07, 1:39 pm

1 Answer from Attorneys
Benjamin Berger Berger-Harrison, A Professional Corporation

Re: gift of equity

They can set it up so that no taxes will be paid on that $100k. Contact me to discuss further.

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Answered on 8/01/07, 2:14 pm


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