Posts Tagged ‘accounting’

Tax Deferral on Vendor-Take-Back Mortgages – What You Need To Know
Posted by Don Campbell | September 8, 2010
Tax Deferral on Vendor-Take-Back Mortgages – What You Need To Know

There are tax advantages of a vendor take back mortgage. Unfortunately, to explain this to a seller can be a challenge. A Vendor Take Back Mortgage (VTB) allows the seller to defer a portion of their profits on their property, excluding their principal residence.

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