1. Present, Property has with Home on it has a lien (Mortgage) on it.
2. Proposed, Property with Home is subdivided.
3. Now 2 Lots.
3a. The Home will be on one Lot.
3b. The other Lot will not have a home on it.
4. Refinance Lot with home on it.
4a. Place a lien with Home on it.
5. No lien on Lot without home.
5a. Lot with no lien on it.
5b. Lot with no lien on it if sold.
Would taxes have to be paid on Lot.
6. Property was paid with taxed money.
7. How would capital gains be judged?
