Legal Question in Real Estate Law in Connecticut

quit claim property- do ihave to pay tax if i quitclam property to my son do i have topay capitol gain


Asked on 8/04/12, 12:04 pm

1 Answer from Attorneys
John Heffernan Heffernan Legal Group, LLP

No capital gain, but you might have to pay a gift tax, depending on the value of the property.

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Answered on 8/06/12, 6:40 am


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