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I don't think I'll be retaining you as my tax advisor.
by kawhah 3y ago
I don't think I'll be retaining you as my tax advisor.
- defrost 3y agoAs a point of law it comes down to jurisdiction and whether the gold loophole has been closed. If a seller offers a house for $6,000,000 and an offer is made to pay $200,000 in legal tender of that country .. and the seller accepts ... what is the sales tax? Is it calculated from the $200,000 in legal tender which was witnesed by officers of the highest standing, or is it calculated from the metal value of the coins ($6 million)? You really don't want a tax advisor on this, you want an authoritive legal opinion. It is a loophole that has been exploited in various countries at various times - but you'd want to be sure of current laws if you're tempted to go that route.