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  • Vino Ball 2009 - Dana Hall-Bradley and Team of Celebration held their Annual "Vino Ball" on December 1, 2009. All proceeds benefit Ronald McDonald House Charities.

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School Reports in Celebration, Windermere and Reunion Resort, Florida
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Real Estate Tips
Tax Considerations >Beneficial Tax Laws

American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.

Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.

Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.

Consult your tax advisor for advice regarding your particular circumstance.

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Real Estate Trivia
Q 
What celebrity home sold recently for a reported $5.5 million, despite its yellow-and-rust striped paint job?

A 
This Hollywood Hills residence was the former home of the popular singer, Madonna.
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Dana Hall-Bradley, REALTOR®, real estate agents and broker for Celebration, Windermere and Reunion Resort, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Dana Hall-Bradley, Realtor/Owner, ALHS, GRI
Century 21 Premium Properties

720 Celebration Ave. Suite 100
Celebration, FL 34747
Phone: 407-433-9699
Fax: 407-566-8654
Email: Info@TourofLuxuryHomes.com

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