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Old 03-13-2019, 10:27 PM  
wkearney99
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City: Bethesda, MD
Country: USA
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Vessel Model: Grand Banks 47 Eastbay FB
Join Date: Feb 2018
Posts: 524
Quote:
Originally Posted by Mikala View Post
My point regarding real estate wasn’t related to sales tax per se. I recently bought a house to do a whole house renovation and sell. I bought it for cash and paid significantly less than the county appraiser’s value.
Heh, we had our old house 'salvaged' for a tax break. This during demolition, and they really stripped it bare. Saved quite a lot of material, which they sold on. Curious how the tax break allowed for 'donating it' at a full appraised value.

This eventually led to the question by the auditors... if you gave away your house, why hasn't your address changed? But with some back/forth letters between us, the accountants and the charity, it all worked out in our favor.

But yeah, the initial inquiry letters had some pretty threatening amounts cited...
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