New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
capital gains taxesAug 01, 2007


Please, give me a break. To compare flip taxes to capital gains is rather ridiculous. Flip taxes may have to be adjusted according to market. Sometimes, a shareholder may be losing money depending on market. So, because we are living at the end of an upcoming market that have lasted seven years (2000 to 2007) in some areas, don't tell me that everyone is every selling is making money.

Again, I repeat my sentence, "don't try to make converts of one religion." Co-ops should be free to adopt the BEST method under their BEST BUSINESS JUDGMENT to increase their reserves. To use FLIP TAX, ASSESSMENT or other sorts of FEES to increase your revenue is a matter of analyzing and adoptng what is good for the co-op and its shareholders.

AdC

Join the Conversation Comments (0)

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?