Both!
The Buyer Value Option (BVO) is the most popular relocation home sale program utilized by Corporate America. BVO allows the employer to cover the transferee’s sale closing costs without creating additional tax implications for the transferee. If a company doesn’t utilize this program and instead reimburses a transferee’s closing costs after the sale, the costs are reported as unearned income, and most employers will gross-up this cost. …Thus, BVO is definitely a win-win for both the transferee and employer.
For more information on how the BVO works, check out this post. For comprehensive help on your global mobility program, please contact MoveCenter at 888-668-3411 or info@movecenter.com.
