Time is on your Side

Usually, struggling families who wanted to have a house of their own cannot afford properties that will require them to pay a big amount of money at an instant. They would rather resort to buying a property that is on installment basis.

A property sale in an installment basis is a lighter way to purchase a property. It is a sale where the seller receives a payment, once at the least, every after tax year. If you sell your property in installment basis, you are required to report the part of gain from the received installment payment. The seller, on the other hand, cannot utilize installment method in reporting a gain loss.