Well, no, I think the way the math works is that the house would be twice as expensive and the buyer would have to pay half that in tax.
It’s not 100% of the seller’s profit, it’s 100% of the nominal price of the property. So 50% of the total value, presumably, unless the seller is feeling unusually generous.
Well, no, I think the way the math works is that the house would be twice as expensive and the buyer would have to pay half that in tax.
It’s not 100% of the seller’s profit, it’s 100% of the nominal price of the property. So 50% of the total value, presumably, unless the seller is feeling unusually generous.