News

NSW wants to offer $25,000 grants to first home buyers in a stamp duty overhaul. One expert says it’s the best way to help young people get into an expensive market.

The NSW government has released a proposal that will remove stamp duty for first home buyers and potentially increase the state’s home ownership by 6%. It comes in response to the increasing unaffordability of property in the state, with Sydney’s median house price hitting $1.1 million. Experts have embraced the […]
NSW wants to offer $25,000 grants to first home buyers in a stamp duty overhaul. One expert says it’s the best way to help young people get into an expensive market.
News

Andrew Cuomo is waging an all-out assault on the GOP tax law

New York Gov. Andrew Cuomo said on Thursday that he is considering challenging the constitutionality of the GOP tax law in court. He’s also taking action to help New Yorkers circumvent a new cap on state and local tax deductions. But time is running out. The tax law will take […]
Andrew Cuomo is waging an all-out assault on the GOP tax law
Strategy

The 11 worst cities for homeowners if the GOP tax plan passes

Republicans have reached a preliminary agreement on their tax bill, meaning the US tax code could soon be overhauled. The tax bill would limit the property tax deduction to $US10,000 a year; currently, homeowners can deduct their property tax in full. We compiled a list of the places where homeowners […]
The 11 worst cities for homeowners if the GOP tax plan passes
Markets

Chinese Couples Are Getting Divorced To Take Advantage Of A Tax Loophole

[credit provider=”Yepoka Yeebo / Business Insider” url=”http://www.yepokayeebo.com/”] There has been a surge in divorces in China. But they’re not being driven by unhappy marriages.Chinese couples are getting divorced to take advantage of loopholes that will let them sell properties tax free, under certain conditions, according to the Shanghai Daily.
Chinese Couples Are Getting Divorced To Take Advantage Of A Tax Loophole
Markets

Peak Housing, Peak Fraud, Peak Suburbia And Peak Property Taxes

Peak Housing reflects not just a credit bubble but Peak Fraud and Peak Suburbia. Once again pundits are claiming that housing is “finally recovering.” But they’re overlooking three peaks: Peak Housing, Peak Financial Fraud, and Peak Suburbia, all of which suggest years of stagnation and decline, not “recovery.”
Peak Housing, Peak Fraud, Peak Suburbia And Peak Property Taxes
Markets

Mansion Or Not, You May Not Escape The Mansion Tax

[credit provider=”Keoni Cabral/Flickr” url=”http://www.flickr.com/photos/keoni101/5013906050/”] We know that NYC real estate is an anomaly, but nothing makes that as clear as the Mansion Tax (a.k.a. New York State Tax 1402-a).It’s an additional tax that requires anyone buying a residential property–single-family, condo or co-op–that’s over $1 million to pay 1 per cent of […]
Mansion Or Not, You May Not Escape The Mansion Tax