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About the Orlando, Florida Area  |  | | Downtown Orlando |
For many years Orlando has been the home to Disney World theme parks. People come from all over the world to experience the magic of this wonderful city. Magic Kingdom, Epcot, Disney-Hollywood Studios and Animal Kingdom are the four theme parks of Walt Disney World. Universal Studios, Islands of Adventure and Sea World are three other theme parks located in Orlando. Although these attractions are quite spectacular, there are many other reasons to consider becoming a part of the Orlando family. There is never a dull moment when you're here. Whether you enjoy the busy city or the more relaxed suburbs Orlando has it all. From beautiful orange groves to the busy nightlife of downtown Orlando's Church Street. You will fall in love with the magical feeling of being in this city!
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 >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
How can you give your home the equivalent of sunglasses?
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| A |
Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets. |
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