Homebuilders can use the new Energy Efficient Home tax credit under the #IRA. The credit creates significant new incentives for new or substantially reconstructed energy-efficient homes. Learn more. #USGBCAdvocacy https://bit.ly/4eGUSLO
U.S. Green Building Council’s Post
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Licensed REALTOR® Macdonald Realty | Retirement Sales Advisor at Aspira Pacifica | Board Member at White Rock South Surrey Chamber of Commerce
🌟 Understanding the Proposed BC Home Flipping Tax: What You Need to Know. Effect starting January 1, 2025 The landscape of real estate in British Columbia is about to undergo a significant change with the introduction of the proposed BC home flipping tax. Designed to discourage short-term property speculation and promote long-term housing stability, this tax aims to reshape the way properties are bought and sold in the province. In this blog post, we'll explore the key aspects of the proposed tax, its implications for property owners, and what you need to know to navigate these changes effectively. Let's Connect! Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign up for valuable insights, tips, and updates on the housing market, and let's embark on this exciting journey together! 📞 Reach out today at 604-240-8160! 💻 Explore further on my website for full post: https://lnkd.in/geNUikCP #bcrealestate #realestatetax #houseflipping #houseflippingtax #propertyincome #investmentproperty #Houseflip #renovate #vancouverrealestate
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REAL ESTATE NEWS! New BC Home Flipping Tax announced. The proposed BC Home Flipping Tax will apply to any home or property zoned for residential use sold within two years of purchase after January 1, 2025. The tax rate will vary depending on how long the home or property has been owned. If sold within the first 365 days, the seller will pay a 20% tax rate on the income they earn from the sale. After that, the rate will begin to decline until it reaches 0% at 730 days. Questions? Drop them in the comment section or message me directly. . . . . #realestate #bc #vancouver #vancouverrealestate #realestatenews #realestateinvesting
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REAL ESTATE NEWS! New BC Home Flipping Tax announced. The proposed BC Home Flipping Tax will apply to any home or property zoned for residential use sold within two years of purchase after January 1, 2025. The tax rate will vary depending on how long the home or property has been owned. If sold within the first 365 days, the seller will pay a 20% tax rate on the income they earn from the sale. After that, the rate will begin to decline until it reaches 0% at 730 days. Questions? Drop them in the comment section or message me directly. . . . . #realestate #bc #vancouver #vancouverrealestate #realestatenews #realestateinvesting
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#Land prices, as reflected in house prices relative to incomes, are near all-time records, pricing younger citizens out of #home-ownership and affordable #rents. This column argues that a green land value #tax – a charge on the land plus a charge on the house minus a discount related to efficiency of the building’s #energy usage – would help: ⭐Resolve conflicts around meeting #climate goals ⭐Improve equity and #housing #affordability ⭐Reduce intergenerational #injustice ⭐Benefit #sustainable #growth The evolution from existing property tax systems would be aided by a simple new tax deferral mechanism, removing much of the sting of property tax reform. Vox column by: John Muellbauer (Nuffield College, University of Oxford) Read more here: https://ow.ly/Ko1050QFvLX
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🌟 Term of the Week: Proposition 13 🌟 Did you know? 🏡 Prop 13, passed in 1978, limits property tax increases in California to just 2% per year! This landmark measure has kept homeownership more affordable for many. 💬💰 Learn more about its impact here: https://lnkd.in/gQYeQJan #Prop13 #California #PropertyTax #HomeOwnership #RivCoNow
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The coalition government has decided to push back the phasing in of interest deductibility for residential rental properties until the end of the 2025 income year. The current fiscal climate is clearly having an impact. #nztax #rentalproperty #incometax #deductability
Deal broken: Investors to get slightly less tax relief than promised
nzherald.co.nz
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Navigating the Booming Residential Real Estate Market: As the residential real estate market surges in many areas, it's essential for homeowners considering selling their principal residence to be aware of potential tax implications on profits—especially if you've been in your home for a significant time. Here are two strategies to potentially reduce your taxable gain: 1️⃣ Document Eligible Costs: Keep a detailed record of the purchase price of your home, along with any qualifying improvements you’ve made over the years. Adding these costs to your home’s basis can lower your taxable gain. 2️⃣ Consider Closing Costs: Be sure to subtract allowable closing costs from the net selling price you receive at closing. This can also help in reducing your tax liability. Maintaining accurate records of home-related expenses is crucial, and the tax savings can make the effort worthwhile. For any questions or guidance through this process, feel free to reach out. #taxadvice #taxes #RealEstate
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When buying a home, remember to consider #propertytaxes. These taxes are levied by local governments based on the assessed value of the property and can vary significantly depending on location. Before purchasing a home, research the property #taxrates in the area and factor them into your budget. Keep in mind that property taxes can increase over time, so it's essential to anticipate potential future expenses. Additionally, explore any available #taxexemptions or deductions that may help lower your #propertytax bill. Understanding this key concept puts you in control on the path to homeownership! 🚀🔑
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Chesapeake homeowners: Your real estate tax bill could increase under the proposed rate Contact me to discuss the latest scoop in real estate! #TidewaterRealEstate #MurrayRealtyGroup #HamptonRoadsRealEstate #virginia #virginiahousing #virginiarealtor #virginiarealestate #virginiahomebuying #realestate #realtor
Chesapeake homeowners: Your real estate tax bill could increase under the proposed rate
housing-trends.com
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