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Why would their property be abandoned? It won't be abandoned in any legal sense; it will either be sold, retained, or seized.
by AnimalMuppet 1y ago
Why would their property be abandoned? It won't be abandoned in any legal sense; it will either be sold, retained, or seized.
- undersuit 1y agoSelling it would mean you pay taxes. Retaining it you pay taxes. It's probably not going to be seized if you don't abandon it, it's not like it's a low income neighborhood in the way of a highway.
- AnimalMuppet 1y agoBillionaires didn't get to be billionaires by abandoning $10 million properties to avoid $1 million in taxes.
- undersuit 1y agoThen the additional taxes shouldn't be an issue.