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Glossary Contents – Pinellas County – Ad Valorem* – Ad Valorem is a Latin term meaning "according to value."An ad valorem tax is a tax based on the value of property. Ad Valorem Taxes – A tax levied in proportion to the value of the thing(s) being taxed. Adjusted Value – The product obtained by multiplying the unit value times the number of units, times the total adjustments AFD – Agreement for deed

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How to Sell a Home to Your Children | Pocketsense – Family member real estate transactions often offer tax and additional financial benefits to both sides.. You can carry a note for the balance of the purchase price and your child’s tax basis will be higher than if you sell the home for below market value. A higher tax basis decreases the.

How to give your home to your adult child tax-free – MarketWatch – Sale for a bargain price. When you sell to a relative, however, it’s a different story. You will be treated as making a gift equal to the difference between FMV and the sale price. For example, if your house is worth $400,000 and you sell it to your child for $250,000, you just made a gift of $150,000.

IRS Rules on Real Property Sales to Relatives | Nolo – Tax issues when you sell a house to (or buy from) a relative.

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