'Owned vacation home' presentation slideshows

poiz residences

A Qualified Personal Residence Trust (QPRT) is a great tool for individuals with substantial estates to trade a primary residence or vacation home at the least expensive potential gift tax worth. The guideline is the fact that if someone makes a present of home by which he/she retains some obtain, the house remains appreciated (for gift tax purposes) at its full fair-market value. To put it differently, there is zero decrease in value for the donor edge. An exception is permitted by that laws to the general rule described above.

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