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Does Rent-to-Own Subject one to Capital Gains?

Does the rent-to-own option mean that the SELLER will have to pay Capital Gains Tax on the home when it eventually sells (even if the profit is less that $250K)??


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In my opinion i would call the closest realtor.
Posted 2009-10-09T00:35:59Z
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It is possible to rent out your house without paying capital gains tax (CGT). If your leaving in Austrialia the Australian Taxation Office allows capital gains tax exemptions for rental property under specific scenarios.If your not in Austrialia you can go to your states Taxation Office and ask about the CGT.
Posted 2010-01-04T02:14:35Z
cookelizzie was invited by Yedda to answer this question.

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