4 ms·
Ooof that sounds like a big loophole. What would prevent me from establishing a new entity (I the inheritor, control), having it buy assets from the old one for
by dpoochieni 6y ago
Ooof that sounds like a big loophole. What would prevent me from establishing a new entity (I the inheritor, control), having it buy assets from the old one for pennies on the dollar and then sell the old entity for a nominal amount?
- gnopgnip 6y agoThe tax is assessed based on what you own each year, not only on the final "sale" amount