Okay, let’s say that I have a $6 million home that I want to sell. Maybe I shoehorn in a few walls and doors and pay a lawyer to ram through a conversion into 2 condos, $3 million each to buyer who just happens to want to buy both... no mansion tax?
brilliant
You know people will be doing their planning around ideas like that.
We are already paying the damnable 3.8% Obamacare tax on property sales. This will be loaded on top of that.
Sounds correct to me.