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Agent analyzes massive deal

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Justin da Rosa | 21 Mar 2016, 08:15 AM Agree 0
Conrad Black recently sold his house only to lease it right back. It’s an interesting method, and one that is fairly uncommon in the industry
  • | 21 Mar 2016, 11:48 AM Agree 0
    Or maybe he just wants to lock in appreciation of the property if unsure of future value if market declines.

    Plus live in the property. No need to move. Best of both worlds.

    Just like others who sell and rent. But they have to pack up and move.
  • jan | 21 Mar 2016, 05:06 PM Agree 0
    The Tax man
    cometh, might just be talking to the Revenue Canada. Lord Black did have a few words about Canada, Easier to talk with money out of the country
  • Roxy | 21 Mar 2016, 07:31 PM Agree 0
    .....OR..... He sells it to a offshore Company he's connected to... pays rent ...and voila... his personal digs are untouchable...
  • Dick Brady | 27 Mar 2016, 10:05 PM Agree 0
    That is Conrad's principal Residence so no tax payable. A wonderful idea that I think more Agents should pursue ie: have your Client sell their home and rent it back. Now when Conrad sells his home in Palm Beach, Florida - then the "Taxman cometh" both the IRS and CRA no doubt....
  • jan | 29 Mar 2016, 09:17 AM Agree 0
    He might be talking to the income tax man, they do take assets .
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