California vs NevadaThere are many differences between owning or selling property in CA vs. NV:
Lake Tahoe, California:
* More Single Family Homes Starting at More Affordable Prices
* More Multi-Family Properties
* Higher Property Taxes - Calculated at the Point of Sale
* Real Estate Taxes are Charged at 1% of the Sale Price Plus a Fixed Rate
for County Taxes (.25% in El Dorado County); a Total of 1.25% Annually
Lake Tahoe, Nevada:
* Less Single Family Homes Starting at More Expensive Prices
* Lower Property Taxes & a Constitutional Ban on Personal Income Tax
* Owner Anonymity & Privacy with Protection for Directors & Officers
* 1-Person Corporations with Inexpensive Annual Requirements
* No requirements of Shareholders or Directors to live in NV
* No tax on issuance of corporate shares
* No Initial or Minimum Capital Required
* No Succession or Inheritance with IRS
* No Tax on Sale or Transfer of Shares
* No Sharing of Information with IRS
* No Corporate Income Tax
* No Gross Receipts Tax
* No Franchise Tax
* No Inventory Tax
All information is deemed reliable, but not guaranteed. Please consult with your tax professional prior to making any decision to purchase real estate or a business based on tax benefits. Tahoe's Choice Real Estate is not a tax professional and is not qualified to give tax advice.
For more listings and information, log onto http://www.tahoeschoice.com/CAvsNV
|
