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Buying Property Homepage
Reliable Buying Property Information
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The plots and land sale near about maruti kunj extension road (sohna road,gurgaon) is legal / illegal?
the seller's cut the pieces of their land and sell with registry in sohna tehsil. please tell is this area not come under any approved project or planning and is safe for investment.
Who will deduct capital gain tax in case of land sale or house sale?
explain abou t short and long term capital with any simlified example.
Are most land sales on ebay usually worthless?
I been looking at land auctions on Ebay. Most of the land I see, seems to be completely worthless. I know there all different parcels but some look to be in the middle of no where. I even see land selling for $100 bucks Im sure allot of it are not allowed to build on. So, why buy it?
How to legitimately declare cash component of agricultural land sale in India?
1. My share of agricultural inheritance is being sold along with those of my siblings.2. There is a single buyer.3. The govt. considers the land as agricultural, although it has significantly higher industrial value now which is why the buyer is buying it.4. The buyer only is willing to pay the govt. acknowledged value as the sale deed value. The balance is being pay'd as cash.So.a After the sale is over, can I just declare the extra cash ammount as proceeds from inheritance sale and deposit into my account?b I am willing and should pay the appropriate capital gains. From what I understand, capital gains are assessed differently for proceeds of sale of agricultural land. I have no other income in India.c If I reinvest the declared cash amount in property, will there be any capital gains on that cash component?HMT Thank you. I have basically given my power of attorney to my sibling to deal with the transaction. I am left with two choices 1. To decline my cash portion of inheritance.2. To figure out how to declare it as proceeds of sale not documented in the sale deed. If this subsequently gets the buyer in trouble that would be his issue.Are you saying that there is no means for me to say that these are proceeds from a sale, and pay necessary capital gains on it? Sounds like that is what you are saying.HMT Ideally, not selling to a buyer who pays cash is good in my personal situation that is quite impossible it is not a unilateral decision. The only choice I have is to forfeit if I stick by that, I am trying to find a way to do the right thing under these constraints. Else, I would even bother to try and find a way out.
How do i stop the fraudelent activities of trust land sale through my brother....who is not a trustee?
charitable trust land
How to: Reinvest money after land sale?
If I were to sell land, what is the best and safest way right now to reinvest it and profit off of it.That's a nice thought Kurtz but I don't think if I sell it will be hardly enough to reinvest in more real estate. Unless, that is, I invested in a commercial r.e. investment plan.
Please give me information about agricultral land sale applicable to capital gain or not?
Who do i sue regarding land sales? (Victorian laws)?
I sold my land.Subject to finance by the 19th Feb 2010, settlement to take place 6th March 2010.4 days before settlement 02 03 10 , my conveyancer calls me to tell me that she just received a fax dated 25th Feb stating that the purchasers application for finance has been declined Up until the 19th Feb, we heard nothing from anyone so everyone assumed all was going to plan.Starting 21st Feb, we started to make big expenses as after the settlement, we would be able to pay off these expenses.Upon receiving the decline fax, my conveyancer calls agent to ask if he has the deposit of $20500. He says he only has the $500 and has been trying to get them to pay the rest but to no avail Who's at fault? Who can i sue for my deposit and the extra expenses i had incurred due to the delay in settlement? Does the conveyancer have to chase up the deposit? Does the agent have to chase up the deposit?
How much to pay in taxes on land sale ?
I am about to sell some land for 30,000 , I owe roughly 18,600 on it and I will be paying closing cost for buyer which is 3 % My question is what do y'all think I will be paying in taxes on the sell ? Trying to figure out how much I might make
How do forfeited land sales work?
We got a letter from the County Auditor stating that the lot right next door to our house undeveloped and not big enough to build seperate house on, but big enough for us to build onto ours is up for auction. It also says " Prospective buyers are responsible for inspection of all public records, including all liens recorded with the County Recorder, regarding the property for which they intend to bid." Now I did check public records and the guy who owned it has 3 different liens but the records don't state exactly which property they are for. I'm guessing one of them has to be for this land. If we bid, and won, what are we responsible for regarding this guys liens? Also what is the process for bidding on forfeited land? Any help on this os greatly appreciated. Also please forgive me for being an idiot when it comes this stuff but we've never had to do anything like this before and would really really love to have this land.
I am brokering a land sale and want to know how to secure funds?
I am brokering a land mine sale in Central America, I am bringing in the buyer and am working for the seller. I already have my fee agreement, and NDA in place. When I have the buyer and am ready to close the deal what is the best way to secure all parties. Let's say the seller is asking $1,225,000 USD and anything above $1,225,000 is for my company. So if I sell the property for $1,600,000 USD I want to know how to get the funds from the buyer, then distribute the $1,225,000 to the seller and the remaining $375,000 USD goes into the account of my choice. Not sure if your typical Title company would work, open escrow etc... Any suggestions would be greatly appreciated, this is a one time deal for me so not sure how to do this and make everyone feel secure, and not accrue a ton of fees on top of everything. Thank you everyone P.S. I am located in the USA, the seller is in Central America, and the buyer is most likely from the USA.
Please help me with a tax question about profit from a land sale.?
About 5 years ago I bought a mobile home and 6 acres of land. Recently I decided to sell the property as it has proven to be too much for me to try to keep up since I work out of state. The person who wanted to buy my property just wanted the land so I sold him the land and sold the mobile home separately to another individual. By chance I ran into my tax preparer at the store and we started talking. When I mentioned I sold my property I was told I would have to pay taxes on the profit. This was a shock as I thought I didn't have to pay capital gain tax on my home, but because I broke it into 2 separate transactions I had to pay. That I should have included the mobile home in the sale. Here's the bad part. The reason I made a profit on this place is because I developed the raw land. I cleared the land put in a road, brought in electric, water, hired someone to come in with an excavator, dig an acre pond and spread the dirt on my property which was low so it would drain well. Because this was my home and I did not realize I would need the proof I did not keep all my receipts for stuff. I mean I have some stuff but there is a lot missing. Basically it looks like I made $80,000 profit but really I spent about $50,000 on improvements to the land. Also I had to buy a tractor. I spent $20,000 on a new John Deer. Can I write off the tractor or at least a portion of the tractor as an equipment expense for maintaining developing the property. The only proof I have is an extensive picture collection which shows the property when I bought it and the different phases of construction as I worked to develop it. Thanks for any help you can offer.Hi thanks so much for all the responses. I just wanted to clarify a bit. When I said I work out of state I mean I work offshore for weeks at a time so every time I come in all I do is cut grass that's why I decided to sell. I only have 1 residence and yes the 6 acres was my home. I used the term develop the land because I turned it from raw land into a yard with a road and utilities, and a stocked pond. As far as avoiding capital gain from a primary residence, that's what I had planned to do. But my tax person said I messed up when I separated the sales. That now its going to be a sale of land and a sale for the mobile home so I won't owe anything on the mobile but I will owe from profit on the land. Like I said this was my one and only residence during the last 5 years all my mail etc goes there. I will be able to produce some receipts or records for some of the work but I have done so much over the last 5 years with different people there will be no way I can get it all together
Should an office manager who starts landing sales get paid commission? (for experienced sales professionals)?
I'm an office manager at a manufacturer, and have been working for 1 year. Since being here, I have been working hard to update the companies overall image and exposure to new customers through use of a website, directed marketing approaches and direct email contact with potential clients. Now, I have begun to land a ton of business. My day to day duties are still back office related, but since I am generating sales.....should I ask for commission? If so, should I be given the usual sales targets as a salesperson minimum number required before commission kicks in or should I just be given commission right off the bat? I am not intending on becoming a full time salesperson, but do think generating revenue and profit for the company is important to its success........how should the company view me and my work efforts?
Land Sale and taxes?
IF i own a piece of land in a country in europe and i live in the united states and i decide to sell the land to somone living in america am i required to file some sort of tax papers or can i just go ahead and deposit the money into my bank account? The land sale is worth about 30K american dollars.
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