Honing in on the perks by owning your home

Kinney, Derrick
July 2004
Fort Worth Business Press;7/2/2004, Vol. 17 Issue 27, p8
Presents various factors to consider in home ownership in order to utilize tax advantages. Initial mortgage costs of the property; Deduction of property taxes; Tax breaks available when purchasing second homes.


Related Articles

  • Mortgage in Madrid? No Problemo. Geer, Carolyn T. // Fortune;10/11/1999, Vol. 140 Issue 7, p360 

    Answers questions on taxation of real estate. Whether foreign home mortgages are tax-deductible on US tax returns; Taxes on sale of the land; Mortgages on a second home.

  • Scots councils want freedom to spend tax windfall. Scott, David // Public Finance;8/20/2004-9/2/2004, p7 

    Reports that Scottish councils have urged the Scottish Executive to allow them to decide on how to spend a potential extra income when the 50% discount on council tax on second homes is abolished. Plans to use the additional income to provide alternative social housing; Properties that attract a...

  • When Is a Vacation Home a Rental Home? Reviewing the Alternative Methods of Reporting "Vacation" Home Rental Expenses and the Potential Difference in Tax Savings. Raible, Dennis G.; Teti, Robert; Brinker Jr., Thomas M. // Journal of Financial Service Professionals;Sep2014, Vol. 68 Issue 5, p9 

    We look at the tax rules and the options they present for people who own vacation homes.

  • An overlooked aspect of vacation home rentals. Sherman, W. Richard; Brinker Jr, Thomas M. . // National Public Accountant;Nov97, Vol. 42 Issue 9, p12 

    Reviews the tax consequences of the ownership of vacation houses. Residence; Rental property; Tax planning decisions; Loss carryovers.

  • Stamp duty hike on second homes. Sidders, Jack // EG: Estates Gazette;11/28/2015, Issue 891, p003 

    The article reports that the British government will introduce an increase in stamp duty for second homes as part of a Chancellor George Osborne's five-point plan to boost home ownership. Topics discussed include the tax to deter overseas and buy-to-lease investors to avoid price increases and...

  • home sweet deductible home. Weil, Jim // hfm (Healthcare Financial Management);Jun2003, Vol. 57 Issue 6, p68 

    Discusses some of the tax implications of home ownership in the U.S. Home mortgage interest; Home-equity debt interest; Variety of charges imposed by mortgage lenders.

  • THE NEW HOME ECONOMICS. Tully, Shawn; Bonamici, Kate // Fortune;12/22/2003, Vol. 148 Issue 13, p102 

    Warns that the burden of owning a home is likely to become heavier over the next couple of years, as mortgage bills and property taxes increase. Claim that, as interest rates rise, even people with fixed rate mortgages will feel the sting if they attempt to sell while rates are up; Reasons why...

  • Property-tax fix may keep more Hoosiers in their homes. Hicks, Mike // Indianapolis Business Journal;1/14/2008, Vol. 28 Issue 46, p23 

    The article presents the author's view concerning the impact of fix property taxes on homeowners in Indiana. According to the author, property taxes will reduce housing costs of more than a month's mortgage. He emphasizes that such situation might help the state's residents to renegotiate their...

  • Real Estate SURVIVAL GUIDE. Tully, Shawn; Boyle, Matthew; Hira, Nadira A.; Schlosser, Julie; Tkaczyk, Christopher; Yang, Jia Lynn // Fortune;5/15/2006, Vol. 153 Issue 9, p94 

    The article discusses the end of the housing boom in the United States. Soaring prices, higher mortgage rates, and rising property taxes have placed the cost of home ownership out of reach for many potential purchasers, which in turn has led to a cooling off of the formerly frantic U.S. housing...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics