Real Estate is best tax saving investment in 2019
As an investor you must be looking for the investment breaks that not only help you save your tax but also generate tax free income. Right?
The recent cuts in the Taxes and changes in
Job acts has transformed the dynamics of the profitability from real estate
investment and our finances too. The news is mostly covered on the new changes
and the drawbacks associated but those who keep educating themselves knows that
there is positive financial opportunity also, therefore, act on the newest
breaks.
If you are also planning to make an
investment, you are on the right direction to save your future. We would
suggest you to consider the best property from the signature of Godrej
Property, the Godrej Aqua Residential Apartments.
Godrej Aqua Hosahalli |
Godrej Aqua Residential Apartment At Hosahalli Bangalore
Before heading down to the benefits
associated with real estate investment for saving tax, give some time to know
about Godrej Aqua Residential Property. The Luxury
residential apartment, Godrej Aqua redefines the concept of affordable homes.
With world-class developers contouring the private unit and the entire plan,
Godrej Aqua is a stance changing venture. Godrej Aqua apartment is a high-rise
residential building spread in sprawling 300 acres of the land parcel to offer
world class living inside and out. It is beautifully designed to have more
greenery within, with lesser construction area to leave more open space inside
it. It is a creation for like-minded people with minimal apartment inside the
projects. The attractive landscape garden designed to captivate the inhabitants
and configuration of the condo is planned to have proper sunlight and
ventilation. Furnished with all modern amenities for the new age urban
lifestyle, Godrej Aqua brings in the royal touch of the friendly environment
along with the richness of luxury living.
Godrej Aqua |
Now, rundown the reason how real estate investment is tax benefiting.
Lower capital gain tax: Capital gain taxes are
considered better in comparison to regular taxes on your income. Investing in
real estate you have to pay lesser taxes on your capital gain. For short term
capital gains i.e. when the property is sold before within three years of its
purchase there is no such special tax benefit. You are charged for tax
according to the bracket under which you fall. But holding a property for more
than three years will give you long term capital gain which involves lower tax
rates, o% to 15% sometimes.
Depreciation: Residential real estate is an
asset like any other assets that depreciates over time. Depreciation is like an
allowance given for the wear and tear on the property. It is charged in
different years for commercial and residential properties. It is far-fetched
benefit to the investors. Even for small breakdowns we can deduct depreciations,
though property values go up overtime.
Use exchange 1031: Section 20131 of the
internal revenue code helps you to postpone paying taxes. An investor can use
code 1031 to sell a property and use the gains to buy another one of equal or
greater value. This way paying tax is deferred until the next property is sold,
you can use the exchange code again if you want to.
There are numerous tax benefits on real estate
investment. It totally depends on the investor and how he uses the real estate
investment to the best of his advantages. Before investing in Godrej Aqua Apartment by Godrej Properties learn the right way to invest and it is good if
you take the help of expert to help you save more money.
Suggested Topic:
Floor Plan Specifications Complementing Flawless Design Structures – Godrej Aqua
Bangalore New Launch Residential Luxury Apartment At Hosahalli
Floor Plan Specifications Complementing Flawless Design Structures – Godrej Aqua
Bangalore New Launch Residential Luxury Apartment At Hosahalli
Flats in Bangalore
ReplyDelete