Stuart Bronstein <spamtrap[at]lexregia.com> wrote:
- quote -

Is there a way to structure the transaction to avoid
taxability?

For instance, if the buyer offers to pay the tenant's moving
expenses, is that taxable? The move is made for the benefit
of the buyer.

What if the buyer subsidizes rental of another apartment for
the tenant (perhaps without even telling the tenant)?

Seth

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William Brenner <wbrenner[at]nospamplease.net> wrote:

- quote -

In essence the purchaser wants to buy the lease, which is a
type of property. The tenant basically has a zero basis, so
anything paid for transferring the lease would be taxable.
If the lease is over a year old I'd think it could be long
term capital gain.

Stu

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A potential condominium purchaser wants possession of same
prior to the end of a renter's lease. In order to accomplish
this, he has offered the lessee a substantial sum to vacate
the apartment prior to the end of the lease.

Would this be taxable income to the lessee? If not, would
it affect the determination of the lessee's (currently
established) status as a dependent?

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