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Capital Gains tax

How to (legally) avoid Capital Gains tax on your US property


When it comes to think about Capital Gains tax on your US property there are a few things to consider. The first nice point is that if your profit from the sale is less than $250,000 then you can exclude it from taxable income (if married this is $500,000).

In order for this exclusion to apply there are some terms and conditions attached (as one would expect from the IRS).

The principle one is the two out of five rule.

This states you must have been resident in your home for a minimum of 2 of the last 5 years before the sale was completed. READ MORE

Generation rent

Generation rent


Generation rent is a generation of young adults who, because of high house prices, live in rented accommodation and are regarded as having little chance of becoming homeowners.

Doesn’t this feel like flushing money down the toilet?

First time buyers in England are not having it easy.

Before they can get a foot on the property ladder they may spend many years renting and end up spending more than 50,000 Pounds in rent.

Figures from the Association of Residential Letting Agents show that tenants will be renting for an average of 13 years and in 2015 spent 22% of their wages in rent. READ MORE

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