Category Archives: Home & Estate

w4

Estate Tax – The 2010 Step Up Basis Nightmare

The old saying is the best laid plans of mice and men so often seem to go wrong. When it comes to the government, this is a statement that is used the vast majority of the time since the bumbling of politicians creates some situations that are simply head shakers. This is exactly the case with the step up basis in estate tax for 2010.

This can get confusing, so let’s start off with the basics. The step up basis is simply the value of some asset at a date in time from which a gain is calculated. Let’s say I buy a share of Microsoft in 1990 [I wish!] and I sell it today. I would pay rather large capital gains taxes on the gain in value of that share of stock between 1990 and 2010.

The passing of an asset from a deceased person to their heirs triggers a bit of a different calculation. Let’s assume the same situation as above. Instead of selling the stock in 2010, I die after being attacked by a bear [might as well make it exciting] in 2002. At that point, my stock is transferred to my daughter per my written will. This transfer constitutes a taxable event. Historically, she would pay tax on the gain from the date of my death till she sold the item. The use of my date of death allows her to -step up- the value of the stock instead of pay taxes on all the gains since 1990.

The Bush tax cuts were designed to reduce a number of taxes, but they went a step farther with the estate tax. They were designed to phase it out. In fact, there is no estate tax in 2010. That is nice and all, but the problem is the step up basis for capital gains above is now gone for the year. Instead of paying capital gains on the increase in value from the date of my death, she will have to pay them on the gains from 1990. That is a huge difference and constitutes a massive amount of money going out of my family and to the government. What did the government do for this money? Nothing, I just died!

Is there anything one can do about this mess with the step up basis? Unfortunately, there is not. It is simply another example of the government creating a mess with the best of intentions.

Barry Milton writes about tax planning and other financial planning subjects for UFCAmerica.com.

feng_shui_garden_7

Griha Pravesh – A Luxury Residential Complex In Sector 77, Noida

Griha Pravesh by one of the top ranked realty developers Grihapravesh Buildteck Pvt. Ltd. is a world-class residential project at a prime location in Sector 77, Noida. Healthier living space is what the developer promises to offer at this green project. To ensure the same the project has been registered under Indian Green Building Council’s (IGBC), first rating program started in India.

This lavish project is an opportunity for home seekers to make their dreams come true by investing in property where they can live a peaceful life accompanied by luxurious lifestyle. High quality of Griha Pravesh, Noida can be inferred from the fact that it has got approval from IIT Mumbai. With increasing frauds and fake project, now it has become very important for investors and end-users to look for the authenticity of the facts mentioned by the developers. At this project all the facts are true and valid and these can be verified from the registrations the developer has got done for the project.

Green home concept is not only a good option for residents, but it is equally beneficial for our environment too. To ensure safety and benefit of both dwellers and environ, the developer has taken various measures such as solar water heating system, water recycling, rain-water harvesting and water softening plant. So, it can easily be said that this gold rated project is a safe, secure and environment-friendly residential destination in Noida.

Strategic location is one more highlight of this project. As a resident of Griha Pravesh, one will get easy access to important points such as FNG Expressway, Atta Market in Sector 18, schools, hospitals, malls, offices, metro station and Sai Dham Temple etc. All of these are just at a few kilometres distance such as Atta market is just at a five minutes’ driving distance while metro station, Sector 50 and Sai Temple are just 2.5 kilometres, 1.5kilometres and 3 kilometres away respectively. Golf Course, Fortis Hospital, Shipra Mall and Inter State Bus Terminus (ISBT) are also easily accessible from here.

At Griha Pravesh, you can choose from luxury and opulent 2BHK, 3BHK and 4BHK flats which cover an area of 1175 square feet to 2569 square feet respectively. These elegant homes have been designed in different towers including Anand Tower, Saket Tower, Vikram Tower, Kapil Tower, Gautam Tower, Arvind Tower and the Bhabha Tower. So, based on your budget, area requirements and other specifications, you can opt for a suitable home at Griha Pravesh, Sector 77, Noida.

Urban amenities have been offered to make your life comfortable in true sense. Some of these include pool table, jogging tracks, yoga and meditation area, landscapes, complete power backup, party lawn and skating rink. Double height parking with hydraulic stack system has been proposed, which is most probable first time in India.

f1

ATS Ellur Residential Project Presents For Your Dream Home

Perception is the most important thing for making any decision. And, when it comes to buy a residential property, people always go with it. Modern age residential societies are being developed keeping in mind the perception of people towards living. One can see high-rise residential township and low rise vials, which means there are different kinds of perception. Some people want to enjoy their life amidst high density residential township. However, others aspire to live away from the noise and crowded locales. ATS Realty, a renowned real estate company, has been developing world class residential projects since a long time. It is now mastered in real estate construction and develops every project with innovative style. Recently, this company has launched a high-rise residential society with the aim of catering the growing need of apartment living in Yamuna Expressway.

A large number of home buyers in Delhi-NCR region are constantly searching for a place where they can get a feel of colonial living. ATS Ellur will fulfill this demand of people. This mega residential society boasts of high-rise towers in which luxuriously carved 2 and 3 BHK residences have been built on the respective land area of 1150 square feet and 1350 square feet. Moreover, a number of exotic features including international standard club house, restaurant & caf, multipurpose hall etc, help people in enjoying their life with great ease. Life here enjoys great freedom and luxury that can’t be experienced at any other residential society. Its establishment at Yamuna Expressway makes it easy for the people to reach any important place of Delhi-NCR. Delhi’s IGI Airport, Lajpat Nagar, South Ex and Noida’s City Center Metro Station are hardly 20 to 30 minutes drive away from here.

Besides Yamuna Expressway, other major road transits of NCR including Noida Expressway, DND Expressway and Greater Noida Expressway are located in the close vicinity of ATS Ellur Noida. Construction of entire building is being done as per the architectural design prepared by renowned architects. Strong structure of building provides safety to the residents from low intensity tremor of earth quake. In addition, its eco-friendly features help in environment and energy conservation. People will enjoy excellent neighborhood of prominent educational institutions, hospitals, industries, shopping arcades and other exotic places, while staying at this newly launched residential society. Furthermore, as a privilege resident, they can avail state-of-the-art facilities, such as 24X7 security, quality maintenance, constant water supply, complete power backup, swimming pool etc.

f2

M3000 Bring Basic Information About Estate Mercedes-benz E Class

The all-new Mercedes-Benz E Class Estate is innovative, has a dynamic new design with a lot of versions and individual equipment possibilities. Due to large, flexible and really functional load compartment with number of subtle details dominates E Class Estate in market segment. Incomparable is this estate car also in safety, which is assured by assistance-systems known from saloon E Class.

Mercedes E Estate – engineering
Mercedes E Class Estate persuades of course also by its ten (!) reliable, economic, but highly efficient engines with power of 100kW (E200CDI BlueEfficiency) to 285kW (E500, …and E63AMG Estate will come soon). The fuel consumption and emission topic is respected, variety of Blue Efficiency models is available. There are three transmission possibilities depending on motorization – 6-speed manual, 5-speed automatic transmission or 7-speed 7G TRONIC automatic transmission.

Mercedes E Estate – design
This vehicle catches the attention not only with its trident star on body front end, but also with rear end, to which wide, good large open tailgate dominates. Tail lights with LED technology are looking really elegant and impressive as well as well-turned roof rails – a detail of aerodynamic line. Dark-tinted, heat-insulated glass is remarkable, too.
Rear air suspension with integrated level control (depending on loading) is series. There is a choice of three suspension set-ups for the E-Class Estate – Comfort-oriented DIRECT CONTROL suspension with selective damping system. Sports-oriented DIRECT CONTROL suspension with selective damping system, lowered by 15 mm, with a harder damping characteristic and AIRMATIC: electronically regulated damping system and choice of sporty or comfortable damping characteristics. Description of car interior can be cut in short: agreeable, elegant, comfortable, crafted with high-quality care, ergonomic perfect together with intuitive transparency.
With those qualities E Class Estate comes on top of the car-segment. In M 3000 company the new E Class Estate will be ready to visit and to test-drive in November 2009.

g6-copy

Will A Career In Commercial Real Estate in Detroit Suit You

For investors who have some capital under their belts, commercial real estate in Detroit can be a lucrative way to make more money. While it’s true that you will need some business experience and already have some money in order to make it work, if you are successful, you stand to make a great deal of profit. You do need to know your facts about commercial real estate in Detroit first though, and as with any business venture you will need to do your research before you enter into any kind of venture.

There are six different sub categories of commercial real estate in Detroit: leisure, retail, office, industrial, health and multi-family. The credit crisis has meant that the retail sector may not be as strong as it used to be, but the commercial markets are still pretty lucrative for people who are well connected and ambitious. Leisure incorporates hotels, restaurants and cafes, while retail is concerned with shops, malls and shopping centers. Corporate and serviced offices make up the office commercial real estate sector, while industrial is dedicated to warehouses, distribution and garages. Health real estate is concerned with hospitals, nursing homes and medical clinics.

One tip is to go into commercial real estate in Detroit, in whatever profession you have working experience in. That means, as an ex-hotelier or restaurant owner, you are likely to have a network and insight into the leisure sector and could do well by expanding your knowledge into the property market. Doctors who have made a sizeable nest egg and are familiar with the practicalities of running a medical practice tend to do well when it comes to medical or health real estate.

It’s not only about buying a property and renting it out, so your previous professional experience can only take you so far. In order to be successful, you need to have good interpersonal skills and a strong financial acumen, and having made your money working for someone else for years, it may benefit you to do a course before you plough all your money into a real estate venture.

You also need to be relatively well connected or at least have an idea of where you can find suitable clients that you can rent your properties out to. You will need market awareness of the lease durations your clients will need and the payment terms that will make your commercial real estate in Detroit attractive to potential customers.

For more information about the Detroitcommercial real estate, please visit our website.

g7-copy

Doheny Estate

The Doheny Estates neighborhood is located just to the north of Sunset Boulevard. As a neighbor of Beverly Hills, Doheny Estates is a popular destination for members of the show business community and its tributaries. The climate of southern California is a large draw for many relocating from cooler climates, though residents of the region have their own preferences in terms of moving up. Doheny Estates is in the upper ranks of Hollywood neighborhoods in terms of prestige, property value and accessibility to recreation and entertainment. Properties in Doheny Estates are priced to reflect the financial demographic of its residents, but turn over with regularity as residents relocate due to business or family needs.

Sunset Boulevard and its surrounding neighborhoods are widely considered home to some of the finest nightlife in southern California. There is an abundance of dining, night clubs and retail spaces for residents of this exclusive enclave. Aside from the trendy spots so commonly frequented by visitors and Hollywood’s elite, Doheny Estates offers easy access to art galleries, cultural venues, theaters and outdoor spaces. The schools in and around Beverly Hills are strong draws to commuters from Los Angeles looking for residence in Doheny Estates for their families. Doheny Estates is a much more secluded, secure environment than the bustling city and subdivisions in the immediate vicinity of the show business district and Hollywood.

Architecture in Doheny Estates ranges from classic, gated estates to modern examples of southern California design. Many of the streets winding through Doheny Estates have houses away from the gates sitting on well-manicured lawns. The lush, green spaces of the elite neighborhoods surrounding Beverly Hills and Hollywood are well-maintained and provide a nice contrast from the cityscapes prevalent throughout Los Angeles. Doheny Estates prides itself on green spaces and landscape architecture as foundations to display its magnificent homes. Some of southern California’s most noteworthy retail spaces are within a short distance of Doheny Estates, providing opportunities for shopping and personal services without the inconvenience of a long drive through Los Angeles traffic.

There are several real estate agents and agencies specializing in the properties of Doheny Estates and Beverly Hills. Due to the exclusivity of the neighborhood, many listings for Doheny Estates are not noted in common real estate publications. The best practice, when attempting to land a property in Doheny Estates, is to hire a real estate agent or agency specializing in the area for easy access to the properties. Doheny Estates is generally considered premium real estate, even among the elite neighborhoods of Beverly Hills and Hollywood.

f4

c Lotus Panache Is A New Residential Property At Sector 110 Noida

C Lotus Panache is a hot selling residential property up for sale in Noida. Enjoying the most desirable location in Noida- Sector 110, 3C Lotus Panache enjoys all the benefits of being situated at a spot which is extremely well linked with all points of commercial, business as well as recreational interest in Noida as well as adjoining areas of Delhi NCR such as Greater Noida and Ghaziabad.

Exceptionally well planned and designed, 3C Lotus Panache offers a wide range of residential options in the form of 11 different types of 2, 3 and 4 BHK Apartments for Sale in Noida. Spaciously set up, these flats have range between an area of 988 and 2587 sq. ft, and have been priced between 30 and 99 lakhs.

If you wish to book a flat at 3C Lotus Panache, we at Uniconproperty.com can help you in doing so with our exclusive zero brokerage services on the sale of new residential property in Noida.

3C Lotus Panache is an exclusive residential complex that is loaded with luxurious amenities to offer to its residents some of the highest living standards in Delhi NCR. All flats at 3C Lotus Panache are Green Homes, specially planned to serve as environment-friendly abodes.

As the 3C Group is highly focused on developing real estate properties that meet all standards of Green Living, Panache is yet another offering that is perfectly in tandem with the principles of the 3C Group, offering amenities such as Net Zero Energy Technology, Geo Thermal Technology, Vertical Landscaping, Carbon Credit Sharing and 3-Side Open Apartments.

3C Lotus Panache is spread out over a humongous area of 41 acres, and those who book a flat in this magnificent residential property in Noida will be pampered with a host of comforts and conveniences such as 5 Swimming Pools, Lawn Tennis Courts, Opti Golf, Table Tennis, Multi Utility Sports Hall, Kids Play Area and many more. So book a flat at 3C Lotus Panache today and secure an amazing lifestyle for yourself!