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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sat, 19 Feb 2005 14:52:55 +0000
/ Author of the message: john boyle |
Title of the message: |
Re: Times Tax warning on overseas holiday homes
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Text of the message: |
In message <cv7c88$csp$1@hercules.btinternet.com>, Tim <me@home.uk> writes >> >"john boyle" wrote >> >> No, if you pay rent, there is no tax to pay. >> > >> "Tim" wrote >> >John, how do you then get the rent out of >> >the pension fund with **"no tax to pay"** ? >> >[On the 75%-odd which you cannot take as tax-free lump sum.] >> >"john boyle" wrote >> I'm only referring to the tax liability on >> the individual at the time of occupancy. > >... which is *zero* anyway - because even if rent weren't paid at the time >of occupancy, the tax wouldn't be due until a year-or-so later. When it is paid and when the taxable event occurs arent the same thing. -- John Boyle . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.