NO.PZ202109080300000102
问题如下：
A strategy that would most likely allow Payne to achieve both her primary and secondary objectives would be to:
选项：
A.contribute the property to a donor-advised fund. B.obtain a fixed-rate mortgage against the property. C.engage in a sale and leaseback transaction involving the property.解释：
B is correct. Mortgage financing is a real estate monetization strategy that investors can use to reduce the concentration of a particular property and generate liquidity to diversify asset portfolios without triggering a taxable event or giving up sole ownership. Payne could monetize the property by obtaining a mortgage loan against the property, and the loan proceeds could then be reinvested in a diversified portfolio of securities.
A is incorrect because in a donor-advised fund transaction, the property owner contributes the property to a donor-advised fund in exchange for a charitable contribution deduction. While this transaction would allow Payne to monetize the property with no tax liability, she would give up sole ownership of the property, and her primary objective includes maintaining sole ownership.
C is incorrect because a sale and leaseback is a transaction in which the owner of a property sells the property to a new buyer and then immediately leases it back from the same buyer. The sale of the property would result in Payne having to pay significant capital gains taxes (her cost basis is close to zero) and no longer having sole ownership of the property. Therefore, a sale and leaseback transaction would not achieve Payne’s objectives.
这三种方式有啥区别？可以解释下吗
