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I give you title to the gold
02-27-2014, 10:54 AM,
#21
I give you title to the gold


<div class="bbcode_quote_head">Quote:
<b>Quote from will197532 on February 27, 2014, 10:41 am</b>

I think he is giving you title to the gold to relief the gift tax so if the chest is sold for over the tax mark he dont have to pay the taxes on the chest.
</div>


Will, I think you're correct... He thought of everything, including laws and taxes.
Reply
02-27-2014, 12:28 PM,
#22
I give you title to the gold


<div class="bbcode_quote_head">Quote:
<b>Quote from will197532 on February 27, 2014, 10:41 am</b>

I think he is giving you title to the gold to relief the gift tax so if the chest is sold for over the tax mark he dont have to pay the taxes on the chest.
</div>


Will, I'm not sure I understand what you are saying. Could you please explain?
Reply
02-27-2014, 03:33 PM,
#23
I give you title to the gold


<div class="bbcode_quote_head">Quote:
<b>Quote from Josh Eng on February 27, 2014, 12:28 pm</b>
<div class="bbcode_quote">
<div class="bbcode_quote_head">Quote:
<b>Quote from will197532 on February 27, 2014, 10:41 am</b>

I think he is giving you title to the gold to relief the gift tax so if the chest is sold for over the tax mark he dont have to pay the taxes on the chest.
</div>


Will, I'm not sure I understand what you are saying. Could you please explain?</div>
</div>
IMHO If he was to give it to you as a gift and you sell it for 3 million that would make him liable for 1 million. but if he gives you ownership of the chest you are liable for the chest as capital gains taxs
Reply
09-07-2015, 05:22 AM, (This post was last modified: 09-07-2015, 05:28 AM by larissaMi.)
#24
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09-07-2015, 08:24 AM,
#25
RE: I give you title to the gold
What if you search on land that is leased by a private entity from the BLM but the treasure actually sits on a border or boundary line.
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