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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>bhqqyms.info</title> <atom:link href="http://bhqqyms.info/feed/" rel="self" type="application/rss+xml" /> <link>https://bhqqyms.info</link> <description></description> <lastBuildDate>Wed, 13 Mar 2024 22:53:19 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.1.3</generator> <item> <title>How To Profit From Your Rental Properties</title> <link>https://bhqqyms.info/how-to-profit-from-your-rental-properties/</link> <comments>https://bhqqyms.info/how-to-profit-from-your-rental-properties/#comments</comments> <pubDate>Tue, 21 Mar 2023 15:07:52 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[entertainment]]></category> <guid isPermaLink="false">http://bhqqyms.info/?p=85</guid> <description><![CDATA[Upon getting information about an upcoming school science fair and the need to consider a topic of interest, many students will typically have no idea where to get started. While the science fair is typically a common occurrence in any school at any grade level, there are different types of topics that should be taken [...]]]></description> <content:encoded><![CDATA[<p> Upon getting information about an upcoming school science fair and the need to consider a topic of interest, many students will typically have no idea where to get started. While the science fair is typically a common occurrence in any school at any grade level, there are different types of topics that should be taken a look at depending on the age of the student. After first taking a look at the many different categories of science projects, you will be able to locate a suitable choice of topic to take to the next level.There is a wide variety of categories that fall under the types of science projects that can be chosen for a school science fair. These include biology, chemistry, physics, microbiology, biochemistry, medicine, environmental, mathematics, engineering, and earth science. While you may not have yet learned very much in any of these categories, don’t be afraid to see what each one entails. Taking a good look at your interests will allow you to focus on the right direction to take.Many resources are also available for those who are unsure as to the topic they are wanting to use to create their science projects. If you take a look at the topics that fall under the biology category, you will likely notice that there are topics that deal with plants, animals, and humans. For those who are in 2nd grade or 3rd grade, an interesting topic may be to determine if ants are picky over what type of food they eat. While this topic might not be of interest to an 8th grader, it is certainly something in the biology category that an elementary school student would enjoy.Along with the biology category, a high school student may want to take a look at diffusion and osmosis in animal cells as this would be a more appropriate topic for the grade level. A student in 6th grade would be more advanced than an elementary school student, but not as advanced as a high school student. At this middle school grade level, a topic of how pH levels effect the lifespan of a tadpole may be of interest.Whichever resource is used to locate a topic for science projects, it is always a good idea to consider the grade level of the student prior to making a selection. It is always assumed to be best to have a project at an appropriate level in order to keep the attention of the student and provide a fun and enjoyable learning experience. </p><div class="mads-block"></div>]]></content:encoded> <wfw:commentRss>https://bhqqyms.info/how-to-profit-from-your-rental-properties/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Deferring Capital Gains Taxes on Business Property</title> <link>https://bhqqyms.info/deferring-capital-gains-taxes-on-business-property/</link> <comments>https://bhqqyms.info/deferring-capital-gains-taxes-on-business-property/#comments</comments> <pubDate>Tue, 21 Mar 2023 14:10:40 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[entertainment]]></category> <guid isPermaLink="false">http://bhqqyms.info/?p=83</guid> <description><![CDATA[The tax deferred exchange provides real estate owners with one of the last true tax breaks and the only method of deferring tax on the sale of investment and business property. Most taxpayers know they can exclude the gain on a sale of their personal residence. Unfortunately, many business and investment property owners fail to [...]]]></description> <content:encoded><![CDATA[<p> The tax deferred exchange provides real estate owners with one<br />of the last true tax breaks and the only method of deferring tax<br />on the sale of investment and business property. Most<br />taxpayers know they can exclude the gain on a sale of their<br />personal residence. Unfortunately, many business and<br />investment property owners fail to capitalize on the benefits of<br />another type of tax-deferred exchange, under Internal Revenue<br />Code Section 1031.Far too many business owners sell their business and<br />investment property and pay capital gain taxes because they are<br />unaware of provisions in the tax code that allow for deferral.<br />Internal Revenue Code Section 1031(a)(1) states in part that<br />“no gain or loss shall be recognized on the exchange of<br />property held for productive use in a trade or business or for<br />investment if such property is exchanged solely for property of<br />like kind which is to be held either for productive use in a trade<br />or business or for investment.” Examples of property types that<br />typically qualify are vacant land, office buildings, warehouses,<br />farmland, single-family rental units and shopping centers. Even<br />leases with 30 or more years remaining are considered real<br />property and can be traded for other real property.How does one get started? The procedure is fairly simple as<br />Treasury Regulations issued in April of 1991 provide a<br />guideline for taxpayers to follow. Once a buyer for the property<br />to be sold (the “relinquished property”) has been found, a<br />phone call to a selected “qualified intermediary” to assist with<br />the Section 1031 exchange is all it takes to begin the process.<br />The qualified intermediary will produce the necessary legal<br />documentation required to facilitate the exchange process.<br />Once the closing of the relinquished property has occurred, the<br />taxpayer has 45 days from the date of closing to identify in<br />writing to the intermediary the possible replacement properties.<br />Due to significant restrictions, it is usually best to identify no<br />more than three replacement properties. The final step is to<br />close on one of the identified properties within 180 days from<br />the date of closing of the relinquished property.Although the 1031 tax code section is very liberal, various<br />modifications over the years have resulted in a few additional<br />restrictions. Partnership shares, notes, stocks, bonds,<br />certificates of trust cannot be exchanged. A taxpayer who holds<br />a partnership interest or shares in a corporation that owns real<br />estate cannot trade that interest for similar share interests.<br />Business owners should consult a tax expert or legal advisor in<br />this situation.With the reduction in capital gains tax rates, taxpayers were<br />given a rare break. However, this break was not as generous as<br />originally proposed. Most taxpayers are aware of the new<br />capital gains tax rate of 15 percent, lowered from the previous<br />28 percent rate. This is applicable for gain generated from the<br />sale of capital assets held for more than 12 months. At the last<br />minute, however, Congress altered the tax rate for recapture of<br />depreciation taken on real estate to be taxed at 25 percent. This<br />higher rate is applicable for all depreciation taken after May 6,<br />1997. Combining the 25 percent depreciation recapture rate<br />with state and federal tax rates could cost a taxpayer who sells<br />business real estate over to 40 percent or more of their profit.<br />On the other hand, a property owner who chooses to perform<br />an IRC Section 1031 tax deferred exchange can defer taxes on<br />the all of the capital gain! This leaves the prudent exchange or<br />with the entire amount available for reinvestment.Many business owners are unaware that personal property used<br />in a business, such as a medical practice, can be exchanged as<br />well. The major difference between a real property and<br />personal property exchange is what the Internal Revenue<br />Service considers “like kind” property. I.R.C. Section 1031<br />defines like kind as “…property held for productive use in a<br />trade or business or for investment.” Like kind as it applies to<br />real property is very broad in definition. Determining whether<br />personal property is like kind to other personal property<br />requires a much narrower scope. The Internal Revenue Code<br />does not define “like kind.” The IRS has published regulations<br />that can be used to decide if an exchange involves like-kind<br />properties. The Treasury Regulations distinguishes between<br />two types of personal property: depreciable tangible personal<br />property (DTPP); and other personal property (OPP), which<br />consists of intangible and non-depreciable personal property.<br />DTPP can only be exchanged for other DTPP. These properties<br />must be of a “like class” or “like kind.” In determining whether<br />DTPP is of a like class the Treasury Regulations designate 13<br />general asset classes. These classes combine particular types of<br />personal property into a certain class group. Some examples of<br />these groups are office furniture and fixtures, information<br />systems, airplanes and helicopters, automobiles and taxis, and<br />buses.The Regulations also designate that personal property can fall<br />within product classes contained in the North American<br />Industry Classification System. These numeric codes can be<br />used as an alternate method to define the characteristics of a<br />particular property.OPP is difficult to classify as like kind to other OPP. It does<br />not fall within the like class safe harbor available to DTPP.<br />Intangible personal property, such as a lease or copyright, can<br />be considered like kind to similar intangible property. The<br />determining factors are the nature and character of the rights<br />involved and the nature and character of the underlying asset.<br />Selling a business can create more than one personal property<br />group in which to exchange. The IRS looks at the sale of a<br />business as an exchange of each asset to be transferred, and not<br />the exchange of the business as a whole. The underlying assets<br />of a business (e.g., lease value, covenant not to compete,<br />equipment and fixtures) will need to be analyzed in respect to<br />their comparable replacement property. Each asset is placed<br />into the proper exchange group. An exchange group is a<br />subgroup of the total assets exchanged. Every exchange group<br />will either have a surplus (trading up in value) or a deficiency<br />(boot). When the total fair market values of the properties<br />exchanged are different, the value equal to that difference is<br />called the residual group. The property in the residual group<br />will consist of cash and other property that does not fit into an<br />exchange group.An example of a business exchange would be the exchange of<br />one medical practice for another. The relinquished medical<br />practice value consisted of: (1) the medical equipment (x-ray<br />machines, etc.) and office fixtures; (2) a covenant not to<br />compete; (3) lease value for the below market lease of the<br />office; and (4) client patient lists and files. The medical<br />practice acquired will generally have similar components of<br />value. To balance this exchange each separate component is<br />matched up with its like kind counterpart. A surplus in one of<br />the exchange groups is not taxable as the Regulations allow for<br />trading up in value. Any deficiency – going down in value -<br />would be taxable as “boot.”The Regulations provide the non-yielding rule that goodwill<br />and going concern value in one business can never be like in<br />kind to goodwill and going concern value in another business.<br />In the example of the medical practice exchange, the client<br />patient lists and files would probably be viewed by the IRS as<br />goodwill, and should not be included in the exchange. A<br />prudent tax planner would attempt to allocate value to the<br />depreciable or amortizable personal property, such as the<br />medical equipment and office fixtures, to avoid this problem.<br />Additional personal property not eligible for exchange<br />treatment is inventory. The inventory of a business is held for<br />resale and does not fall within the definition of Section 1031<br />property.Anyone considering deferring tax under IRC Section 1031<br />should obtain competent tax/legal advice before proceeding<br />with a transaction. A mistake can be costly. </p>]]></content:encoded> <wfw:commentRss>https://bhqqyms.info/deferring-capital-gains-taxes-on-business-property/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Is It Still Worth Investing in Property Since the Increase in Stamp Duty?</title> <link>https://bhqqyms.info/is-it-still-worth-investing-in-property-since-the-increase-in-stamp-duty/</link> <comments>https://bhqqyms.info/is-it-still-worth-investing-in-property-since-the-increase-in-stamp-duty/#comments</comments> <pubDate>Tue, 21 Mar 2023 12:52:36 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[entertainment]]></category> <guid isPermaLink="false">http://bhqqyms.info/?p=80</guid> <description><![CDATA[We explore whether it is still economically viable to invest in property since the stamp duty increase, and what sort of properties you can invest in to minimise the effect of the increase or completely bypass it altogether.The Impact of the Increase in Stamp DutyThe cost of an investment property in Birmingham is £168,062.00 which [...]]]></description> <content:encoded><![CDATA[<p> We explore whether it is still economically viable to invest in property since the stamp duty increase, and what sort of properties you can invest in to minimise the effect of the increase or completely bypass it altogether.The Impact of the Increase in Stamp DutyThe cost of an investment property in Birmingham is £168,062.00 which means you’d typically have to pay £5903 in stamp duty costs.The Increase in Stamp Duty Has Contributed to House Price SlumpOne of the main issues that the increase has caused, has been the increased cost in acquiring new property, which has subsequently caused a slump in house price inflation. Whilst this now means it is a good time for potential investors to consider purchasing additional properties, those who already own property will probably be disappointed with the growth in the market. In particular, property prices in London are most affected by the increase simply because house price are generally more expensive so the stamp duty levied on the properties is proportionately higher. This means that either demand may go down due to the high prices, or property prices may decrease to make up for the increase in stamp duty. In fact, Halifax’s April 2016 House Price Index announced negative growth in terms of house prices, as month on month April 2016 saw average house prices fall by 0.8%, which it attributed to a lack of confidence in the wider economy.The Increase in Stamp Duty Fails to Dampen Landlords’ SpiritsThe increase seems not to have deterred landlords, as the number of landlords has risen to 1.75 million. This has mainly been due to the increase in lending and cheaper mortgages, as access to funds is one of the main drivers in the property market. Another factor that has contributed to the increase in landlords has been the superior yields, far outstripping interest investors make on their money saved elsewhere.Another positive is that according to Halifax’s May 2016 House Price Index, house prices are resuming an upward trend, with month-on-month growth of 0.6%. This suggests that the British public still very much has an appetite for property, and is welcome news to existing property investors.Strategies to Avoid Stamp Duty or Minimise its EffectAlthough the increase may make some investors think twice about investing in property, it needn’t have to. There are plenty of ways property investors can work around the stamp duty increase or minimise its effect.Purchase Property in a Company NameStamp duty land tax can be avoided by purchasing property in a company name using a business mortgage. This also allows for interest payments to be tax deductible, exponentially increasing your return on investment because mortgages can be granted up to seventy-five per cent of the value of the property which amounts to a lot of interest.The Number of Mortgage Products Available to Limited Companies is IncreasingThe number of products available to limited companies is increasing year-on-year. In H1 2015 there was an average of 99 products available to limited companies, but in H2 this rose to 147 products.The number of mortgage applications made by companies now accounts for over a third (38%) of all mortgage applications, up from 15% in 2014. It’s also worth noting that mortgage acceptance rates are at an all-time high, so if you’re thinking of investing in property, now is a good time to apply for a mortgage.Avoid Stamp Duty Altogether with Alternative Investments Such as Car Park InvestmentsFurthermore, would-be buy-to-let investors are focusing on ways that they can avoid the stamp duty charges altogether or minimise its effect. Car park spaces are exempt from the 3% stamp duty charge because they’re classed as commercial property. Car park investments can also give an 8% net assured income for two years and has a five year exit strategy with buy-back option if you decide that the investment is not for you.Invest in Properties Outside of London for Lower Stamp Duty CostsAnother option is to consider properties in areas outside of London. As mentioned previously in the article, properties in London are more expensive so there is proportionately more stamp duty to pay. Cities such as Manchester and Liverpool command a much higher rental yield allowing you to maximise your profits. Properties in these cities outside of London are generally much lower, so the amount of stamp duty you’ll have to pay is much lower.Birmingham is consistently considered one of the best areas for buy-to-let, and was recently named by the Council of Mortgage Lenders (CML) as the number one buy-to-let hotspot outside of London. Average property prices in Britain’s second city are considerably lower than property prices in London. According to Rightmove, overall average property prices in Birmingham currently stand at £168,062, compared to £556,350 in London. For property investors, this means that if they were to invest in property in Birmingham, they’d pay exponentially less in stamp duty compared to investing in London property.Student properties in Liverpool such as Pembroke Studios command an assured net rental yield of 8% for five years had have a buy-back option after five years. Fortunately, in a city such as Liverpool there will never be a shortage of students looking for high quality accommodation due to its sizeable student population that comprises 12% of the city’s overall population. Pembroke Studios is conveniently placed within a mile’s radius of four universities in Liverpool, so it’s desirably situated for an overwhelming number of students.In conclusion, property investment is definitely still a viable way to achieve good returns, especially when interest rates for money kept in savings accounts is at record low. Property investors should make cautious decisions when it comes to investment, and consider investing in towns and cities outside of London where possible. For those looking to bypass stamp duty altogether, we recommend car park investments or other commercial investments that do not incur the charges. </p>]]></content:encoded> <wfw:commentRss>https://bhqqyms.info/is-it-still-worth-investing-in-property-since-the-increase-in-stamp-duty/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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