The indexed value of flat sale price on which tax is payable, comes to Rs.1600000. I want to invest about 10 lakhs in real estate and pay capital gains tax of 20% on balance 600000. Can I do this?
I do not believe that India has any rules allowing the avoidance or deferral of capital gains taxes on the sale of real estate, by fully or partially reinvesting the proceeds of that sale. However, here are some website with link to various sections of the Indian tax code, that may help you answer your questions:
http://nri-realestate.blogspot.com/2007/06/nri-queries-related-to-tax-rules.html
http://economictimes.indiatimes.com/opinion/policy/Direct-Taxes-Code-Capital-gains-tax-is-investor-friendly/articleshow/6477547.cms
http://indianblogger.com/income-tax-on-capital-gains/
With the housing market being so bad I see daily homes that should be listing for 99 to 125.000 being listed for 175.000 and the agent say well we will just come down. Well in a market that had supply and demand when the suppy is low you can demand but our market is reversed at the present time.
mike
noteliquidator.net
Buyers always want to negotiate down. So, if a seller lists his home higher than those around it and/or higher than what he actually really wants, he can afford to negotiate down and still get the amount of profit from the sale that he desires.
Also, in this market there are so many sellers that are having to short-sale their homes. They owe more than what the home is worth (and what others around them are worth), so they price high, hoping they can eke out every penny they can so that the gap when they sell is as small as possible.
Then there are foreclosures. Banks price foreclosures low, in order to get them to sell quickly, and there are tons of them now. The low price of a foreclosure can make a house next door that’s actually priced appropriately look as though it’s priced high.
Some sellers can afford to price their homes high and wait for them to sell, while others are desperate to get out and will take whatever they can get – whether it’s a fair price or not.
And also, it has a lot to do with how much the seller really knows about real estate. A seller that doesn’t know anything is likely to take the advice of the realtor. The realtor is also going to suggest the highest price possible in order to get a bigger commission.
Im moving to Sydney next week and I had a unit lined up and ready to sign and then the realestate tell me there is no car space and the place is no longer suitable. I start work on Monday 12th July so I have just one week to find somewhere to live so Im guessing it will be a hotel for a while.
Does anyone know any cheap but nice hotels around the city that have car parking?
Cheap? Head for the Kings Cross area. The Lido Suites Kings Cross, 2 Roslyn street, starts at 140 dollars. Actually it is a balance of reasonable comfort and value for money.
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Quality new colonials builts by Lee Construction and marketed by Karin Hamilton of Better Homes & Gardens, The Masiello Group. (603)749-4800 x6446 (603)834-6446 karinhamilton@masiello.com
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From scratch how much does it cost. I have the oppurtunity to do property management in Los Angeles but don’t have a license (which i have to get) but I am pretty poor right now.
also how long would it take? to take all the classes etc. I already have a BS in economics but just need to be able to get the license.
Thanks in advance,
Justin
the cost to get a real estate license while located in any city
in the US, is rather similar–the app is about $75 for sales people,
the school is about $150 for a private school, and the test is about
$75.
Takes about 3 weeks to attend all the classes. YOU must pass
the school test first and NEVER try to do that course work
on line.
the tests are scheduled about every week of the year.
WHILE you are preparing, call property management firms
or real estate companies. IF you only want to do PM,
a PM can hire you. [small salary or commission per
unit sold--while working under a broker or in some
cases no broker--salaried people need no broker if hired
by a PM firm]
any further data, get hold of me
[born in LA County, Calif]
http://craiggilmore.com
MAY I HELP YOU ACHIEVE THE HIGHEST AND BEST OFFER, The days of just putting up a sign in the front yard and crossing your fingers hoping to sell a home, might be over. In this market, many homeowners want more service not less. And they’re willing to go for it as long as their property is shown above the rest.
Having knowledge, experience and references with buying, selling and managing properties over the passed decades I’ve noticed three key ingredients when buying or selling a home. “Price, a good agent a determined agent like myself with a plan to give you excellent customer service, and a secret to my success is taking a step above the rest creating cutting edge technology along with top of the line marketing tools.
Today is a new day… tomorrow is a thousand miles a way. Meaning sometimes life is like a train… it doesnt matter the destination it’s the decision to get on…Call Craig today
“My clients are getting positive results”. Let me give you some marketing examples; your home with a Craig’s SUPER VIDEO presentation or photo’s on leading internet sites that include “Realtor.com” and “Zillow.com”, along with front page local newspaper ads, and the MLS. This combination is super, top notch and first class its like a magnet for potential BUYERS.
In changing markets I show my clients “value” knowledge and experience which gives you the best possible results. I am ready and willing to help get what you want in the time you want…
Thank you
Yes, call Craig today.
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Couldn’t pass up the opportunity to take a look at this beautiful, vacant house sitting out in the middle of almost nowhere. The house is for sale.
UPDATE: I called the real estate office they informed me that the house is listed for $399,000!
To see separate photos of this home that I took with my point-and-shoot that same day:
http://www.flickr.com/photos/82631797@N00/sets/72157622163154663/
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