Monthly Archives: July 2020

Declaration deed: Ownership

Is a declaration deed therefore necessary for all owners? YES. While the declaration contains all the details of the property, it also provides security of property to the owner. Before buying or renting real estate, especially in terms of land, buildings and apartments, it is crucial to do a background …

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Tax Consequences of Transferring Bahamian Real Estate Held by a Company for Estate Planning Purposes – Commentary

introductionZero-rated transfersTransfers subject to payment of VATComplex ownership structures introduction This article examines the tax consequences of transferring Bahamian real estate owned by a corporation for estate planning purposes. This article highlights only the most common tax issues associated with the sale or transfer of residential property in the Bahamas …

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Colorado’s Land Ownership Preservation Program Helps Renters and Homeowners

Colorado lawmakers have allocated nearly $ 20 million in federal CARES law funding to help residents qualify for emergency rental assistance. The Property preservation program came out of Bill 1410, which was adopted at the end of June to help Coloradans with housing assistance linked to COVID-19; he allocated $ …

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The implications of joint tenant ownership

Many people, especially married couples, own real estate, securities and other assets as “co-owners with right of survivorship” (JTWROS). With this arrangement, if one of the co-owners dies, the other co-owner automatically inherits the property. Advantages : Ownership owned by JTWROS avoids probate time and expense. This is a simple …

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Proposed Treasury Regulations Define “Real Property” for Similar Exchanges Under Section 1031 and Provide Safe Harbor for Deferred Exchanges | Baker

On June 11, the IRS released draft Treasury regulations (the proposed regulations) under Section 1031 of the Internal Revenue Code, as amended (the Code), which provides a long-awaited definition of ” real estate ”and provides a haven for taxpayers. engaged in deferred exchanges of the same nature that receive “ancillary” …

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Mandaluyong implements online business and property tax payment – Manila bulletin

New / Metro / Mandaluyong implements online payment of business and property tax Mandaluyong implements online payment of business and property tax The Mandaluyong City Government began implementing online payment of business and property taxes today, July 1. According to Jimmy Isidro, head of the Mandaluyong Public Information Bureau, business …

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