OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2009
iStockAnalyst.com (Free subscription) | 07/28/2009
Imagine if you will that you have an opportunity to purchase a home for the first time but had to sell it in 2 years. Would you become a home buyer if your exit time-frame was that short? My vote would be no. First and foremost is the fact there are several hidden costs to home ownership. The average sale price of a Canadian home is approximately $326,000. In Ontario, this means the land transfer tax...
Austin Real Estate News and Opinion (Free subscription) | 03/10/2009
Image by DJ Curly via Flickr The Texas State Legislature has introduced a new bill that would force home buyers to pay a sales tax, or the real estate transfer tax as it currently is known, as a way... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Erie PA Today (Free subscription) | 03/04/2009
The Greater Erie Board of Realtors released the Erie County real estate sales for February 2009. The figures include residential, commercial, investment properties as well as land in which a transfer tax was paid. The Erie County sales for February 2009 were 179 properties sold for $13,948,492, a steep decline as compared to February 2009 when 340 properties sold for $26,990,459. The February 2007...
Wills, Trusts & Estates Prof Blog (Free subscription) | 03/02/2009
There is considerable uncertainty as to the actions the current Congress will take regarding wealth transfer taxation. Accordingly, many individuals are taking a "wait-and-see" approach. This strategy, however, may be a big mistake as explained in Deborah L. Jacobs, Study...
Globe and Mail (Free subscription) | 02/25/2009
In the wake of a new municipal land-transfer tax and unmoored by a sinking economy, Toronto real estate agents are bracing for a new storm on the legislative horizon: Mandatory energy audits for home sales.
SeekingAlpha.com (Free subscription) | 02/20/2009
David Merkel submits: Okay, after the alliterative headline, I would like you to consider two links. HR 1068, the Let Wall Street Pay for Wall Street’s Bailout Act of 2009 Tell Congress to Block the Trader Tax After reading the bill, I note that it is mute on whether we can add the tax to our cost basis, and deduct it from the proceeds on our sales. If we can do that, then this bill is an annoyance,...
Jim Hamilton’s World of Securities (Free subscription) | 02/18/2009
House Bill Would Tax Securities Transactions to Pay for TARP A House bill would impose a securities transfer tax to pay for the cost of the troubled asset relief program (TARP). The Let Wall Street Pay for Wall Street's Bailout Act of 2009 (HR 1068) would add a new Section 4475 to the Internal Revenue Code to impose a tax on each covered securities transaction in an amount equal to the applicable...
Wills, Trusts & Estates Prof Blog (Free subscription) | 02/10/2009
Should the grandfather exemption for the generation-skipping transfer tax be eliminated? (Wealth transfers that skip generations are exempt from GST tax if made from trusts that on September 25, 1985 were both (1) in existence and (2) irrevocable.) Edward A....
SteamboatPilot.com stories (Free subscription) | 02/06/2009
Vail collected a record $9 million in real estate transfer taxes, a 1 percent charge for any sale of a property.
CBC.ca (Free subscription) | 02/06/2009
A hopeful supplicant recently approached B.C. Finance Minister Colin Hansen with a request: Given the dire state of the real estate sector, could you cut the property transfer tax?
Globe and Mail (Free subscription) | 02/06/2009
A hopeful supplicant recently approached B.C. Finance Minister Colin Hansen with a request: Given the dire state of the real estate sector, could you cut the property transfer tax?
rochesterturning.com (Free subscription) | 01/28/2009
Gee - someone discovering that IDA transfer tax burdens to residents of the town? That the schools and residents bear the burden of IDA handout? via the D&C The hearing, held Monday at the Victor Town Hall, also disclosed that Victor school officials have sent a letter to Michael Manikowski, executive director of the Ontario [...]
Joe. My. God. (Free subscription) | 01/19/2009
Last year the Catholic diocese in San Francisco reorganized their real estate holdings, prompting city tax assessors to deem the move a "sale" and therefore subject to $15M in property transfer taxes. Wingnuts are crying foul, claiming the city is retaliating against the church for supporting Proposition 8. From the Christianist news service, LifeSite : Assessor Phil Ting concluded that the...
Erie PA Today (Free subscription) | 01/16/2009
The Greater Erie Board of Realtors released the December 2008 final 2008 real estate sales figures for Erie County. Sales figures include all Erie County properties in which a transfer tax was paid including residential, commercial, investment and land. The real estate sales for December 2008 were $33,312,946 with 310 transactions. This compares to December 2007 when sales were $38,056,550 with 361...
SteamboatPilot.com stories (Free subscription) | 01/15/2009
Members of local business and development industries suggest potential legal action against city over affordable housing ordinance. City Council attorney Tony Lettunich says the business group's preferred alternative — a voluntary real estate transfer tax — would likely be struck down by courts.
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