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The decision to buy or lease vacation property boils down to how much cash you have

Financial Post 14.11.2012
The decision to buy or lease vacation property boils down to how much cash you have

From a tax perspective, is it better for small business owners to own or lease a home or vacation property? At first blush this question seems straightforward enough. The simple answer and ultimately what should drive your decision, says Ed Foster, founder of The Tax Advisory in Oakville, Ont., comes down to the cost under each option and how much cash you have and are willing to part with.

Landlords lure London students with iPads as university fees bite

(Reuters) - Driving lessons and iPads are among the gifts developers are showering on students in London to lure them to fill empty rooms after fee hikes and visa curbs threaten to undermine university housing's reputation as a safe property investment.

Luxury Real Estate Selling Well in Italy

Prices are holding up well for luxury property in some of the most desirable regions of Italy. Although the country has suffered from the shockwaves of the eurozone sovereign debt crisis, the top end of the market with homes valued at €3 million or more has escaped almost unscathed.

CBD Energy is running on low as Tinkler property deals turn sour

LOSSES on a planned property development with coal investor Nathan Tinkler form part of a series of write-offs taken by former Impulse Airlines boss Gerry McGowan's latest venture, CBD Energy, which has pushed it to a revised $40.4 million loss for the year to June.

Dream holiday homes becoming ‘millstones’ for divorcees after Euro property plunge

A second home in Tuscany or the south of France has long been the ultimate aspiration for many families.

UAE investors keen on luxury real estate in Malaysia

UAE-based Tasweek Real Estate Development and Marketing is forging into the Malaysian real estate market with its joint venture with Casabrina Vacation Villas. The aim is to development, own, operate and market luxury properties in Malaysia to potential investors from the Middle East.

London Luxury-Home Prices Rise on Lower-Taxed Property

Luxury-home prices in central London rose at their fastest rate in three months in September, powered by demand for properties that escape a new higher rate of sales tax, Knight Frank LLP said.

$47 Million Price For Beijing's Most Expensive Luxury Villas

China may not have emperors anymore but you can certainly still live like one thanks to the country's luxury real estate development, The ThaiHot Mansion and Courtyards. ThaiHot Mansion, overseen by The Beijing Taihe Real Estate Development Co., is considered to be the most expensive you can find in China, with the cheapest apartment available priced at $4.7 million.

Sidewalks in New York – the legal obligations of property owners

A common misconception in New York is that the City is responsible for maintaining the sidewalks in good condition. However, the law is not so clear cut on the issue. It is true that in the past, the City was responsible for the streets as well as the sidewalks. But that law has changed over the years. Although the City is still responsible for maintaining the streets in good repair, property owners in New York need to be aware of their legal obligations with regard to the sidewalk abutting their premises.


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