At 10:24 AM 00/03/11, you wrote:
>In a message dated 3/10/00 1:24:34 AM Central Standard Time,
>sasha1@netcom.com writes:
>
> > What are the tax rules for exchanging houses?
> > How about international exchanges?
> > What are the barter-regulating laws in general?
>
>I'm no tax lawyer (perhaps THAT is the lowest form of life), but the US tax
>system is designed -- in theory -- to "capture" income and capital gains from in-kind exchanges.
So if you and I bought houses in Bay Area 50 years ago for $30K apiece,
and now want to swap them (while they have the estimated market value
of $1M each), each of us will have to pay about $300,000 ?
And for that, each of us would have to sell the house and move
to some God-forgotten area like Boston?
What if people swap "usage rights". I still "own" my house,
and you owe yours, but we swap usage rights for them?
- Shadow ownership of sorts. Same for everything else.
You still "own" the groceries, I am just digesting them :-)
(Maybe the govt. could also collect its duties in barter?
For every 3 family members you would have to host one bureaucrat)
-----------------------------------------------------------
Sasha Chislenko <http://www.lucifer.com/~sasha/home.html>
This archive was generated by hypermail 2b29 : Thu Jul 27 2000 - 14:04:53 MDT