Imagine this scenario, you have just bought the house of your dreams and planned everything so that this house is affordable and within your budget. A year later, the city approves a property tax levy that increases your tax payments to an unaffordable amount. Suddenly, you are unable to make your mortgage and property tax [...]
In land transactions, a simple and careful division of properties and building activities is one of the most common tricks of the trade used by a lot of people to prevent their properties from being tainted.
People in IRD see this as a major weakness in the world of legislation. This is why the new rules, [...]
There is a considerable tax advantage to home ownership. A homeowner pays interest on his mortgage and local property taxes on his home, while a person who rents an apartment pays rent. The latter, however, includes a sum to enable the landlord to pay the interest and tax; hence the renter pays these costs indirectly. [...]