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XNET Real Estate Directory
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At last, some good news for the Phoenix real estate market? Well, yes, but...
As I write this article, in the dying days of March, it seems that there may be a light at the end of the tunnel; and I do not believe it is a train coming towards us!
It has been reported, on a nation-wide basis, that existing home sales in February, 2008, actually rose. Something that has not occurred in seven months. So that gives us one reason for cautious optimism.
Also, the weakening of the U.S. ...
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First time home owners may not realize all the tax breaks that are possible options for them - just by paying a mortgage instead of rent! In fact, there are so many tax breaks available, it seems as if the government should owe us home owners money!
Even old timers who own a home may want to read on - as the government has recently introduced yet one more tax break for all home owners; this newest one is called the Mortgage Forgiveness Debt Relief Act of 2007.
There are already several ...
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1. Don't Forget You Still Have UK Tax To Pay!
Arguably, this is more of a warning than a tip, but it is vital to remember that any UK resident individual buying property abroad is still exposed to UK tax on that property. This may include UK Income Tax on rental income, UK Capital Gains Tax on property sales and UK Inheritance Tax on any foreign properties you leave to your children.
The UK tax burden is often greater than any foreign tax liabilities, so it makes sense to ...
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