Tag Archives: Taxes

How luxury clients may be impacted by Biden’s wealth tax proposal

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The “Billionaire Minimum Income Tax,” as outlined in Biden’s proposal, would require households worth more than $100 million to pay a tax of at least 20 percent on both their income and any unrealized gains — including real estate. Continue reading →

Seller’s market is here to stay — but with fewer luxury buyers in 2022

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“There will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller’s market,” the president of Luxury Portfolio International predicts. Continue reading →

The SALT deduction: What to know and how it could change

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Congress could repeal the current cap on state and local tax deductions, a move that the Committee for a Responsible Federal Budget said would benefit wealthy homeowners rather than the typical middle-income family. Continue reading →

China considers something new — mandating a national property tax

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The nation remains one of the few world powers without widespread taxes on real estate values. But that could soon change. Continue reading →

24 agent tips for second-homeowner clients as they prepare to settle in

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Give your clients these savvy tips as they prepare to fly the coop for the winter, and you’ll solidify their trust as a second-home expert. Continue reading →

First year in real estate? New agent expenses to budget for

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As a new agent, your survival in this industry will depend on your ability to manage your finances. Here’s a month-by-month breakdown of what to expect your first year in real estate. Continue reading →

What I wish I’d known before starting real estate

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Working on a commission-only basis isn’t without risk. The biggest part of the job is looking for work each day. Here are the lessons this broker wishes she’d known before she jumped into the industry. Continue reading →