Do I have the same tax considerations with fractional ownership as with purchasing the entire property exclusively?
• Fractional ownership is the same as ownership of any other real estate, wherein you enjoy potential appreciation, depreciation, interest and expense deductions. At your discretion, you may sell your share of the property, gift it, or leave it to someone in a Will. Your tax advisor will be better suited to provide specific details, and advise what your individual tax circumstances may offer. You may also register title in your childrens names to assist in estate planning.
Related Questions
- WHY WOULD AN OWNER OR REALTOR SELLING AN ENTIRE PROPERTY DEVELOP THE FRACTIONAL OWNERSHIP STRUCTURE AND AGREEMENT BEFORE MARKETING? WHY NOT LET THE BUYERS DEVELOP THEIR OWN FRACTIONAL AGREEMENT?
- Do I have the same tax considerations with fractional ownership as with purchasing the entire property exclusively?
- Do I have the same tax considerations with shared ownership as with purchasing the entire property exclusively?
