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Business Finance,Taxes and Business Operations Previous Topic | Next Topic | Topics The Business Finance,Taxes and Business Operations Network is not currently active and cannot accept new posts Taxation benefits to the housing sector Views: 1126 Aug 09, 2006 5:50 pm Taxation benefits to the housing sector # Ashish Anand Hi! I want to know if there are tax & fiscal benfits/incentives available for development of the housing/realty sector in the US,UK,EU & China? For example,in India, 1. If interest is paid on mortgage loan, it's exempt to a certain extent. 2. If a house is sold and the proceeds are re-invested, exemption from tax on profit (capital gains) is available. 3.30% of income arising from renting out of property is exempt from taxation as allowance towards. 4.Housing is a priority sector for banking industry and ate of interest charged on housing for weaker sections of the society are lower than interest rate on other loans. Can anybody please help me on the topic? Best Regards, --Ashish Private Reply to Ashish Anand Previous Topic | Next Topic | Topics Back to Business Finance,Taxes and Business Operations

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