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Stephen Widberg.
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rashard
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What is the difference between transferring the legal title of an asset and transferring the physical possession of the asset? And how to determine if the legal title has been transferred or not?
Stephen Widberg
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I sell you a house on Monday and move out on Tuesday.
Legal title – Monday
Possession – TuesdayTransfer of title – determined by lawyers
What matters for the accounts is transfer of control – usually possession
rashard
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