Sandwich lease option

[TimeIsMoney]

Hi,

I am interested to know what the tax implications would be on a sandwich lease option.

Any of you knowledgeable people have any ideas?

Thanks.

[letiha]

My head is just trying to work out what a sandwhich lease option is...

have a few ideas come to mind

[TimeIsMoney]

A bit of a complex property transaction.

This is using a lease option to buy a property and then immediately selling it on a lease option. The seller would collect a larger option premium and a larger monthly lease (rent) amount. The seller would keep the spread between each as a profit.

[geoffw]

I suspect it's got nothing to do with my business :D

[TimeIsMoney]

Hi,

Sorry, but I do not understand what you mean.:confused:

[LynnH]

TimeIsMoney

GeoffW owns and operates Subway stores ..... and he is notorious on the SS forum for bad jokes and a seriously warped sense of humour! :D:D (Sorry Geoff :))

Cheers
LynnH

[TimeIsMoney]

Hi Lynn,

Thanks for the explaination. :)

[geoffw]

GeoffW owns and operates Subway stores ..... and he is notorious on the SS forum for bad jokes and a seriously warped sense of humour! :D:D It's all true...

And now Lynn will be charged with revealing state secrets :)

[skater]

It's all true...

And now Lynn will be charged with revealing state secrets :)

Sheesh, that's no secret Geoff.:D