Buyer Beware: Consider the Risks Before Agreeing to Delay House Transfer for Tax Avoidance

Reported about 1 year ago

A buyer recently sought advice in a Facebook group about a seller's proposal to sign a contract now and transfer the house ownership half a year later to qualify for a tax exemption. Fellow members cautioned against potential risks like fluctuating property prices, natural disasters affecting contracts, and advised sticking to regular procedures due to high risks involved in delaying the transfer. Various opinions on the matter were shared by netizens, highlighting the importance of careful consideration and clear contractual terms to mitigate risks.

Source: YAHOO

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