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Hi David, thanks for getting back to me. My address is [email protected] Look forward to hearing from you.
davidcball wrote:Hello,Does anybody have experience controlling properties with call options? I'm looking for a definitive answer as to whether it is possible to conceal the exercise price of the option from the ultimate purchaser? For example, if i control a forced sale with a market value of say 440, at 400 and want to assign the option for 425, how can i shuffle the documents so that the ultimate purchaser doesn't have to be informed the 15k difference between the two? The bottom line is that everybody is happy, seller has their money and purchaser is getting a property below market, it just stings that i have to prove my worth to the end purchaser and justify my cut. It just makes the whole transaction sticky.
Hi David, Sorry forgot to link your post. Have you had any luck working out the logistics of the above mentioned situation?
I've heard of one technique where i give them a contract for sale of land rather than the option deed. How could this be possible without paying stamp duty that would strip 98% of the profits anyway?
Any help, comments or feedback would be greatly grealt appreciated.
Regards,
DavidHi David, I too am trying to work out the same thing – have you had any luck with your investigations?
Thanks alot David. So just to clarify, from what you have explained…. the $20k profit would be taxed at whatever my marginal tax rate would be, not capital gains? And only the assigned purchaser would pay the stamp duty? Would I have to disclose to the end purchaser what my original contract price was?
