Boo to capital gains tax!!!

Okay, this post is not going to be incredibly interesting, perhaps, but in the spirit of adequate blogging, I want to post anything HouSe of LeAVeS-related.

Michael informed me yesterday that there's some kind of real estate law where if you use a particular building as an office for more than a year (there's a more definite duration that I need to check on), you don't have to pay "capital gains tax" on it when you sell it. Apparently that's a really good and interesting thing to a home inspector (which both my dad and Michael are). They are setting up HoL to be their main office for this purpose.

What does this mean for the HouSe, really? It's relevant because we'll be keeping the HouSe a little longer than we expected. We aimed for one year-- dad wanted to get it done sooner but if we sell it before a year is up we have to pay some kind of penalty on the mortgage. Now, however, they're thinking of keeping it closer to two years.

More on this riveting story as it develops.