Notice: Undefined variable: sidenav in /homepages/44/d204869613/htdocs/internationalfinancingUK/templates/rt_versatility_ii_beige/index.php on line 149

Main Menu

Dashboard

Pop Up Dashboard

View All

Home

IFG Blog

home tags search feed

DCC's Blog
	Description:

Feb 11

2007

Vacation Home Qualify For 1031 Exchange?

Posted by DCC in Untagged

When Can a Vacation Home Qualify for 1031 Exchange?

We frequently receive inquiries as to whether or not vacation properties qualify for exchanges. Section 1031 requires that both the relinquished and the replacement properties be “held for productive use in a trade or business or for investment.”

In the context of vacation properties, this “trade or business” or “investment” purpose may exist, but there may also be personal use of the property. When there is such a dual or mixed use, it is not always clear as to whether the property qualifies for Section 1031 purposes.

Feb 10

2007

1031 Tax Exchange

Posted by DCC in Untagged

What are the requirements for an IRC 1031 tax-deferred exchange?

In 1984, the IRS authorized the “Starker Exchange” commonly known as Internal Revenue Code section 1031. IRC 1031 permits investment property owners to sell a property and defer all capital gains taxes and depreciation recapture taxes at the time of sale.

Real Estate investors may opt for a forward or reverse exchange depending on their situation. In a forward exchange the investor has 45 days from the close of escrow on his/her property (the relinquished property) to identify a replacement property(s). The replacement property(s) must be of equal or greater value in order for full tax-deferral to be recognized. The investor then has 180 days from the close of escrow of the relinquished property to acquire the replacement property(s).

Feb 10

2007

A must read on Florida

Posted by DCC in Untagged

Regional Overview, Florida, USA.

With 360 days of sunshine a year and over 1,000 miles of beautiful beaches, Florida offers a superb lifestyle.

Florida is rewarding buyers with a strong rate of annual capital appreciation while promising a good potential income from a tried and tested rental market. Soaring visitor figures and a burgeoning second home market are proof that Britain’s long-standing love affair with Florida is as passionate as ever, especially in the Orlando region where the lure of Mouse Magic reigns supreme. Visitors in need of R&R will find Florida oh-so relaxing, while those seeking roller coaster thrills and spills will soon discover some of the finest theme parks on the planet.

Why Florida?

Feb 03

2007

Cyprus has the lowest level of income tax in Europe!

Posted by DCC in Untagged

The emerging residential property market in Cyprus, located 35 miles south of Turkey on the eastern part of the Mediterranean Sea, has been something of a success over the past few years since becoming a member state of EU in May 2004.

The country’s economy is growing at a rapid pace, with inflation in Cyprus currently around 6.3% and interest rates just 4%, while Cypriot residents enjoy the lowest level of income tax in Europe.

Cyprus plans to give up its national currency and adopt the Euro on January 1 2008. At the same time, it will become a member of the Economic and Monetary Union (EMU). That means that interest rates in Cyprus should fall this year towards the Eurozone level, which should be good for the property market.

Still plenty of go in the Cypriot market.

Feb 01

2007

US Real Estate Taxes For Foreign Investors

Posted by DCC in Untagged

Foreign investors in USA real estate

The tax laws on overseas investors in US real estate are quite difficult to understand. Make sure you contact us or get competent professional advice before even make a simple investment such as a vacation home. The following is a brief overview.

Goals of the Foreign Investor
The prospect of significant economic gain is perhaps the strongest lure of the foreign investor to U.S. real property. Historically, U.S. real property has been recognized as a strong investment, which has demonstrated steady appreciation without the fluctuations that are characteristic of the financial markets. The political and economic stability of the U.S., the absence of threat of government appropriation or nationalization, and the soundness of the currency system have no doubt lured investors. Satisfied with the safety and security of a U.S. real property investment, the foreign investor focuses attention on the impact of taxes, and desires: