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Even if you paid cash for that house, the tax records can be public.
by Zikes 13y ago
Even if you paid cash for that house, the tax records can be public.
- aegirth 13y agoIf you can afford it, you pay to found a private company, and have that purchase the house. Preferably with cash, and have the company registered in an offshore tax haven.
- dublinben 13y agoEven the 'onshore' tax haven of Delaware allows anonymous corporations.
- Amadou 13y agoEven if you paid cash for that house, the tax records can be public. The short version: (1) Hire someone to create a New Mexico LLC, there are lots of companies out there that will do this for you. (2) Transfer ownership of the NM LLC to you - there are no requirements for filing transfer of ownership with any public entity. Just make sure you don't lose the paperwork. If there is no taxable income to the LLC there are no filing requirements beyond paying the yearly registration fee. (3) Purchase house with cash in the name of the NM LLC. Hire a nominee to sign the paperwork, fire the nominee afterwards. You now own a house with no public records of your ownership. If you need to sell you can sell the NM LLC instead of the house and there won't even be a public record of the sale, the deed will still show the NM LLC as the owner. There may be tax implications for such a sale depending on the local state's laws (california for one).