Tax FAQ
 

Where Do I Go To Get Info. On How To Buy Government Tax Real Estate Sales?

I covet to know all the ins and outs - details


Answer: One reliable site is http://www.johntreed.com/
 
 

What Is The Difference Between Real Estate Tax And Regular Tax On A House?

Why is the real estate tax higher? Why do I have to pay real estate tax? I'm inheriting my grandmothers residence. Is there any reason why I can't pay regular tax? What are the laws about this in Manatee county, FL? Sources?


Answer: What are you talking about?
Each county assesses means taxes based on the value of the property, if that's what you mean by real estate taxes.
What could you possibly be referring to when you say consistent tax?
Do a little research; if you are inheriting this house, there must be an executor of the estate who can explain it to you.

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Canadian Withholding Tax On Real Estate Proceeds By Non-residents?

I'm a UK voter, I plan to buy and resell some real estate in Alberta. As I'm a non-resident in Canada I suggest that any purchase proceeds or other amounts kickback to me in respect of the Alberta real estate investments would be subject to Canadian withholding tax. Is that so? If yes is there any way to reduce that withholding tax? Thanks you.


Answer: The withholding tax on rental receipts for non-residents is 25% of the gross rental income. This would be considered your final tax debt to Canada.

However, this amount may be reduced to 25% of the net rental income (rent minus stylish expenses) if you find an NR6 election with the Revenue Agency and file a T1159 on time each year.

The following association is a guide published by the Revenue Agency specifically for people in your situation. It also includes get hold

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Where To Find Real Estate Tax Amount For First Time Home Buyer?

I bought a new homestead in 2008. Where can I find the amount of real estate taxes that I must have paid on settlement to seller or to the bank for which I can get a tax deduction?


Answer: It will be under pro rated real estate taxes in the buyers column.
You can also insist on the loan origination points and prepaid mort interest.
You may also qualify for the first time about buyer credit if this is your first home and yo meet all of the qualifications.

Christine- EA Master Tax Cicerone Check out my profile

**This advice was prepared based on our understanding of the tax law in effect at the once in a while it was written as it applies to

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What Is The Real Estate Tax Due On This Property?

What is the amount of real estate tax due on a trait with a market of $140,000 if it is assessed at 30% of market value, has an equalizer of 1.5, and a tax type of $5 per $100 of assessed value?


Answer: About 140,000 * .3 * 1.5 * 5/100

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