Quote:
Originally Posted by Maker
Consider an alternate deal with the sales price. Lets say you sell at $500k with lots of things included. New owner might get taxes based upon that price. Offer to sell at $450k plus $50k for contents. Their tax bill might be lower as a result.
No verbal agreements, put it in writing with a refundable deposit of the full amount. (just in case they try to back out)
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Tangible personal property when sold with a house is subject to sales tax.
There is a $500,000 exclusion on the sale of a residence when the house has been your primary residence for two for the past 5 years.
There is no exclusion for the sale of personal property at a profit.
Would the buyer pay any different property tax if the appraisal was the same selling the house for one price or selling it with the furniture listed separately?