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smi24.net
World News in Dutch
Февраль
2016

Shadow flipping could put Vancouver real estate deals under scrutiny from the taxman

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Real estate agents found making a profit by “shadow flipping” Metro Vancouver homes could face the wrath of Canada’s taxman. Shadow flipping involves real estate brokers using an obscure “assignment clause” in sales contracts so that the property changes hands and the price increases multiple times before a deal closes. The technique drives up prices and commissions.














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