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Mortgage News Daily
A daily mortage newsletter on the worldwide web
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For all the latest rates and important news on mortgages and financing your next home, click on the link we have provided for the Mortgage News Daily. The Mortgage News Daily is an online newsletter that gives you the information to make smart decisions that will save you money in your monthly mortgage payments. Go to "Our Mortgage News" in the right hand column on this page, click on "Find Out More>", and then, under "From Our Affiliates", click on the red title "Mortgage News Daily".
Tax Considerations >Not at ARMs Length
A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.
The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
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| Q |
What is the highest altitude hotel in the world?
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| A |
The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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