Legal Question in Real Estate Law in Florida
Like-kind trade
We want to trade vacant land in our names for a house of equal value, but we want to put the house in our daughter's name and hold a no money down-interest only mortgage for her. Can this be done? (This we feel, would lower estate taxes for her someday and save us on our taxes now.)
Asked on 7/28/06, 10:49 am
1 Answer from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: Like-kind trade
Without regard to tax consequences, you may.
Answered on 7/28/06, 1:36 pm