Archive for July, 2011
Vacation Homes – Tax Smart Real Estate Investments
As popular as vacation homes are, you might think the tax rules would be simply but they are fairly complex. Your tax strategies will depend on how you use the property; and you will need to carefully count and track days of personal use and rental use. Below are several must-know vacation home tax rules for the smart real estate investor.
If you rent a vacation home for 14 days or less in a year, the income can be tax-free but you cannot deduct any rental expenses. If you rent a vacation home for more than 14 days, you must divide your expenses between rental use and personal use.
Tags: fractional interest, income subject, passive activity, real estate investments, real estate investor, rental expenses, smart real estate, tax strategies, time shares, vacation propertyRelated posts
Buying Overseas Vacation Homes – How to Purchase your Dream Home
When buying vacation homes overseas there are a number of points to consider and here we will look at the basics.
If you have already have an idea of where you will buy your vacation home overseas or you are just deciding where you should, the tips below will help smooth the buying process.
You vacation home overseas can provide you with a holiday home, valuable rental income and also an appreciating asset that could make you wealthy so lets look at how to buy your perfect vacation home.
Tags: deed transfers, land registry, legal considerations, overseas vacation, perfect vacation, political considerations, rate of exchange, time effort, title deed, vacation propertyRelated posts