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About the Lake Nona, Florida Area Lake Nona is a 7,000 acre, master-planned community. Lake Nona offers a great deal of unbelievable amenities including a world class golf course. Lake Nona is growing rapidly and now sits next to a medical and biotechnology park. This includes the Burnham Institute for medical research. This is the first east coast facility of one of the leading scientific researh institutions in the nation. Over 40% of the vicinity is left green. There are 44 miles of paved and unpaved trails for biking and hiking.
 |  | | Tavistock Cup | |
 Lake Nona golf course and country club is one of the most beautiful in the Nation. It is a 600-acre private residential golf community. Lake Nona is also the home to some famous golfers, such as Ernie Els, Henrik Stenson, Retief Goosen, Sergio Garcia, Trevor Immelman, Justin Rose, Ian Poulter and Annika Sorenstam. Tom Fazio, one of the world's greatest golf architects designed this breathtaking golf course. Tavistock Cup takes place each year between the golf professionals of Lake Nona versus their counterparts at Isleworth. This event not only benefits the participants but also the community. Millions of dollars are given to local and international charities annually. Request our Free Celebration, Lake Nona and Orlando Relocation Package. It's packed full of useful and important information about the Celebration, Lake Nona and Orlando, Florida area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... 
It's our job to know EVERYTHING about Celebration, Lake Nona and Orlando! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly...
Tax Considerations >Taxpayer Relief
Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate.
The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
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| Q |
According to Feng Shui, the art of home placement, what five elements are needed in a harmonious environment?
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| A |
Wood, fire, earth, metal and water must be balanced to create a happy, prosperous home. |
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