News Muncher - category housing tax

2 months, 3 weeks ago

South Australian home prices up thanks to Victorian investors looking avoid land tax increases

ABC

Investment property owners are selling up in Victoria to avoid increased taxes and buying in South Australia instead, according to real estate agents. Changes hit Victorian landlords Real Estate Institute of Victoria chief executive Kelly Ryan said the taxes came on top of higher minimum standards for properties introduced by the Victorian government, plus rent freezes during the COVID-19 pandemic, …

Tax State Cent Buy South Australia Mount Gambier Proptrack

4 months, 1 week ago

Harris wants to give families a big tax break for a new baby

NPR

Harris wants to give families a big tax break for a new baby toggle caption Allison Joyce/AFP Vice President Harris unveiled an economic plan on Friday that focused on the high cost of housing, groceries and raising kids — top-of-mind expenses for voters pinched by years of rising prices. toggle caption Justin Sullivan/Getty Images Harris will focus on housing prices …

Tax Credit Campaign Trump Proposal Child Price

5 months, 3 weeks ago

Kenya’s urban population is growing. The need for affordable housing is, too

Associated Press

NAIROBI, Kenya — In the heart of the crowded Kibera neighborhood in Kenya’s capital, Jacinter Awino shares a small tin house with her husband and four children. “We cannot rely on the traditional mortgage route,” said UN-Habitat’s head of East Africa, Ishaku Maitumbi, who recommended a cooperative savings system that is popular with Kenyan businesses. “If we want to clear …

Kenya House Nairobi Need Build Housing Tax

7 months, 1 week ago

What's in this year's federal budget? Here are all of the announcements we already know about

ABC

Treasurer Jim Chalmers will hand down his third budget on Tuesday night, but has been tempering expectations for weeks in the lead-up, warning Australians not to expect a "cash splash". The government has also committed to providing $9.3 billion to states and territories under a new five-year agreement to combat homelessness, assist in crisis support, and to build and repair …

Support Housing Tax Budget Billion Federal Paid

10 months, 3 weeks ago

Ministers must fix the £4bn hole in council funding or risk more going bankrupt, MPs warn

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. He added: “Increasing demands on council services such as social …

England Tax Services Local Local Authorities Funding Care

11 months ago

Interim Budget 2024: What can it do for real estate?

The Hindu

The Indian real estate sector, particularly housing, is at a critical juncture as we approach the Union Budget for 2024-2025. Considering the forward momentum seen in 2023, alongside global economic challenges and the stagnation in affordable housing, there are several key areas the sector should focus on in its demands from the upcoming budget. Real estate stakeholders therefore look to …

Real Estate Housing Tax Budget Estate Real Sector

1 year, 6 months ago

Celebs dodged millions in L.A.’s ‘mansion tax.’ Meet the industry guarding their wealth

LA Times

Before Measure ULA took effect in April, some wealthy residents scrambled to avoid paying the new “mansion tax” that would fund affordable housing and homelessness prevention. “The thing that makes rich people different from you and I is they have a whole industry focused on helping them minimize their taxes,” said Chuck Collins, senior scholar at the Institute for Policy …

Housing Tax Wealth Taxes Hollywood Collins Million

1 year, 10 months ago

No Service Tax Payable On Construction Services Provided To Gujarat State Police Housing Corporation: CESTAT

Live Law

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal has held that the service tax is not payable on the construction services provided to the Gujarat State Police Housing Corporation for the construction of a residential complex for the police staff.The two-member bench of Ramesh Nair and Raju has observed that the. The Ahmedabad Bench of the …

Housing Construction Tax Gujarat Service State Corporation

1 year, 10 months ago

Finance Secretary should re-examine his theory that housing loan not a saving: Chidambaram

The Hindu

Senior Congress leader and former Finance Minister P. Chidambaram on Sunday urged Finance Secretary T.V. Mr. Somanathan, in an interview to The Hindu while talking about the old tax regime, said that if one looks at the structure of the tax deductions, half of them are for savings and half of them are for dis-savings like housing loan or interest …

Finance Housing Savings Loan Saving Secretary Chidambaram

2 years, 3 months ago

Can I get home loan without filing ITR?

Live Mint

I have a small business of automobile spare parts. Can I get home loan from a bank and what document process should I follow? -Name withheld on request Yes, it is possible to get a home loan from banks or housing finance companies despite not having filed an income tax return when the income is below taxable limit. Today, many …

Housing Bank Loan Income Home Loan Taxable Limit

2 years, 4 months ago

Stacey Abrams calls for more affordable housing in Georgia

Associated Press

ATLANTA — Democrat Stacey Abrams is promoting a plan she says will make housing more available and affordable across Georgia if she defeats Republican Gov. “I will lead the charge in tackling the four central housing challenges faced by Georgians across the state,” Abrams told reporters before releasing her plan on Wednesday. “If Stacey Abrams wants to blame anyone for …

Georgia State Kemp Local Governments Abrams Stacey Abrams Housing Tax

2 years, 7 months ago

To make housing affordable, property prices need to fall, hurting many Australians with big debts

ABC

"Let's make housing affordable". But anyone who talks about making housing more affordable also needs to address the worrying flip side – falling house prices for Australians who are already in the property market and have a mortgage. Like other subsidies, grants or tax breaks that added to demand, cheaper debt only tended to push up home prices and make …

Labor Housing Tax Supply Property Mortgage Interest Rates

3 years, 4 months ago

House prices rising at record rate, locking some buyers out of the property market, CoreLogic finds

ABC

Australian house prices are rising at their fastest rate in more than 17 years. Under Mr Shorten's plan, negative gearing would have been restricted to new homes, and the capital gains tax discount — which allows investors to flip properties at a profit without hefty tax bills and costs the federal budget just shy of $10 billion annually — would …

Labor Record Housing Tax New Zealand Prices Interest Rates

3 years, 10 months ago

Budget: Additional Deduction of Rs 1.5 Lakh on Home Loan Interest Extended Till March 2022

News 18

New Delhi: The government on Monday extended the additional tax deduction of Rs 1.5 lakh on interest paid on housing loan for purchase of affordable homes by one more year to March 31, 2022, a move aimed at boosting demand in the sluggish real estate sector. "In the July 2019 Budget, I provided an additional deduction of interest, amounting to …

Housing Budget Lakh Affordable Extended Till Tax Deduction One More Year