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To: carranza2 who wrote (28692)	1/28/2008 9:11:59 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 219369

I think such ideas are common in NZ where there is no capital gains tax on houses. People have trusts which own their houses. I'm sure there are trusts which own "loss attributing qualifying companies" which lease the family house to beneficiaries of the trust. There are lots of legalistic games to play in NZ. I play none of them, being boring. Which was fortunate in a way as the IRD had nothing to get me on [other than a detail which accountants, lawyers and even the IRD investigators didn't know about]. I suspect the USA tax people have got a ring around your idea already, but maybe not. Mqurice