I got banned for rule GR 1.9 it says if you sell under state value and then handing cash in hand we did not hand any cash in hand as you can see
Our situation was I have house 1740 9gs in ghetto which it's market value around 3mil-4mil and he have a g63 g770 with upgrade which worth between 7mil-8.5mil in the market so we agreed on doing a trade since my house worth less than his car I offered to give him 3.5mil extra because his car worth more so I sold the house for 50k and bought his car for 3.5mil to pay him the extra cash, the issue lies here on exchange or trade there is no tax on the items the tax is on the cash only so because I am the one who had to pay extra cash I am not responsible to pay tax for his side he took the tax because I am the one who paid him cash and by selling his car for 3.5mil he took 5% tax which is 175k
If there is really tax that i escaped from can someone tell me what it is and on what does it apply and how much is it
Our situation was I have house 1740 9gs in ghetto which it's market value around 3mil-4mil and he have a g63 g770 with upgrade which worth between 7mil-8.5mil in the market so we agreed on doing a trade since my house worth less than his car I offered to give him 3.5mil extra because his car worth more so I sold the house for 50k and bought his car for 3.5mil to pay him the extra cash, the issue lies here on exchange or trade there is no tax on the items the tax is on the cash only so because I am the one who had to pay extra cash I am not responsible to pay tax for his side he took the tax because I am the one who paid him cash and by selling his car for 3.5mil he took 5% tax which is 175k
If there is really tax that i escaped from can someone tell me what it is and on what does it apply and how much is it
