2009-09-26, 03:28 PM
Well, it could be exploited.
In rural areas it's very possible to buy a house for 100k. Let's say you're a multi-millionaire and are working your tax forms. You buy some house for 100k, get it demolished for like 300k, voila. I dunno if that's how it works, but if it is, then there's your loophole.
In rural areas it's very possible to buy a house for 100k. Let's say you're a multi-millionaire and are working your tax forms. You buy some house for 100k, get it demolished for like 300k, voila. I dunno if that's how it works, but if it is, then there's your loophole.