Questions tagged [primary-residence]
The primary-residence tag has no usage guidance.
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How much savings do home mortgage lenders expect borrowers to have after closing?
When applying for a mortgage as purchasing a home, there's lots said about expectations of down payment and monthly payment amounts, in terms of LTV, debt-to-income, and so forth. What's less broadly ...
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Can you choose to pay tax twice under a double-taxation agreement?
I'm finding myself in a very unusual situation where I want to opt to claim tax residency in both Portugal and the UK, while there is a double-taxation treaty in place.
I want to stay in the UK for ...
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As a non-1031 house seller, why do I care if the buyer wants to do a 1031 exchange
I currently have my house listed for sale. A potential buyer came by today, liked the property and, as he was leaving, asked if I would sell as part of a 1031 exchange.
I understand why he would want ...
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Am I French Tax Resident?
I moved to London from Paris in March 2021 while my wife and son are still in Paris. I was assuming that I am a UK resident for tax purposes till I came across "the definition of 'domicile fiscal'...
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Self Directed IRA take over current mortgage?
My family and I currently live in a townhome. We are interested in buying a single family home which will be our primary residence. We would like to keep this home and rent it out as an investment ...
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Refinancing a house in USA from investment property to primary residence tax issues
I am buying a house (I live in USA and this whole question is about tax situation in USA). But it used to be someone’s investment property and comes with the addendum that current tenants get to live ...
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Capital gains tax in Georgia
I have a property in Atlanta, Georgia that I am about to sell. I used to live in this house for 5 years until I moved out of state last year. Because this was my principal residence for more than 2 of ...
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I plan on working for a US company from abroad for three months. Do I need a US address at this time to remain a tax resident of my state?
I am considering spending three months abroad while working remotely. While I plan on returning to my current state (New Jersey), I do not want to continue to pay rent when I'm not here, which means I ...
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Two year rule for excluding long term capital gains from the sale of my primary residence
I have two homes I live in equally. I travel between the two weekly. I spend 3 nights in one and 4 nights in the other and then flip that. Sometimes I stay a week to ten days in either of them at a ...
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Bought first home in another state while renting and working in another state ( bought in New York while renting in Connecticut)
I bought a house with my father in New York City while I live and work in Hartford Connecticut and I'm not sure where I need to file taxes as considering my primary residence. I appreciate your advice!...
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What is the tax liability on a Primary Residence that was turned over as Deed in Lieu?
2010: Home was purchased in New Mexico, USA. Negligible down payment. PMI included. Price $152k
2019: Attempted short sale due to hardship (moving to a new city after losing job). Short sale ...
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Sell house after exceeding capital gains exclusion?
Let's say that the value of your house has increased by more than the amount of the capital gains exclusion ($500k for married and $250k for single), and you otherwise meet all the criteria to exclude ...
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Can I use a property I own as a permanent mailing address even if I'm renting it to someone else?
This SE is the most applicable I think because it is in the context of business (renting) and personal finance (permanent address) logistics, even if mainly about mail.
A friend bought a property in ...
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Capital Gains Tax and Main Residence
If I changed my main residence 4 years ago, but did not inform HMRC, then can i register for the dates i actually changed my main residence when i sell my older property, in order to avoid paying more ...
user20748
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Will Poland tax my SIPP?
I am UK resident for tax purposes and have a SIPP. If I become resident in Poland for tax purposes then will Poland tax my SIPP? If so then in what way?
My SIPP holds a single fund which does not pay ...
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