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Rent, mortgage, capital gains, losses: A simple guide to real estate taxation


Rent, mortgage, capital gains, losses: A simple guide to real estate taxation

There are many different levels, from rent to time of sale to home equity loans. For example, most of the rules that apply to a house or commercial property are not applicable to land. If a landowner earns rent, lease or any other form of income on undeveloped land (without any development), that income is […]

Landlords call for stamp duty reform to increase supply of rental apartments


Landlords call for stamp duty reform to increase supply of rental apartments

Landlords called for stamp duty rules to be reformed as part of the Budget to increase the supply of rental housing. Property tax is charged in England and Northern Ireland and there is usually a 3% surcharge if the purchase of a new home means someone owns more than one home. The National Residential Landlords […]

College Station City Council approves budget and sets tax rates


College Station City Council approves budget and sets tax rates

After nearly two months of discussions, changes and citizen feedback, the College Station City Council officially approved the 2024-25 budget and tax rates at its meeting Thursday. The budget focused on public safety investments, partner and outside agency funding, water supply and demand, urban and university growth, and state legislative impacts. The previously proposed net […]

North Platte City Council approves preliminary tax proposal for local airport


North Platte City Council approves preliminary tax proposal for local airport

NORTH PLATTE, Nebraska (KNOP) – While dozens of airports across the state work to improve airfield safety and infrastructure, the North Platte Airport Authority is taking steps to ensure the momentum to improve Lee Bird Field continues. This week, airport manager Justin Gosnell presented the commission’s budget to the city council, which includes funding for […]

Lincoln Airport could nearly double its property tax collection


Lincoln Airport could nearly double its property tax collection

LINCOLN, Nebraska (KLKN) – The Lincoln Airport Authority presented its budget to the Lincoln City Council on Monday. The $25 million plan would come at a cost to the region’s taxpayers. The airport board approved a budget in June that includes funding for the new terminal, several maintenance projects and a runway project. To finance […]

District administration and UFCW are working on a new lease agreement


District administration and UFCW are working on a new lease agreement

DISTRICT NEWS Current contract for upper floor of Newberry Center in Fort Madison expires in 12 days County officials and representatives from UFCW Local 617 are trying to negotiate a new lease for the upper floor of the Newberry Center in downtown Fort Madison. Photo by Chuck Vandenberg/PCC Published Monday, 19 August 2024 10:00 p.m. […]

Should taxes on rental income be reduced?


Should taxes on rental income be reduced?

In the past, there have been calls for the government to ease the burden on multi-property owners and reduce taxes levied on rental income. Rental income for real estate For example, KPMG, a multinational network of professional service providers and one of the four major auditing firms, made this demand in its draft budget two […]

Federal program poses another hurdle for airport


Federal program poses another hurdle for airport

It hardly seems fair that Central Nebraska Regional Airport on Grand Island receives federal funding to accommodate two airlines while Lincoln Airport struggles to attract a second airline to serve a far more populous city. But that’s exactly what’s happening under the federal Essential Air Service program, which provides financial support to all of Nebraska’s […]

Group wants Lexington voters to approve new property tax for park projects


Group wants Lexington voters to approve new property tax for park projects

(LEX 18) – A citizens group wants Lexington voters to approve a new property tax to help fund park projects. Yes For Parks launched its official campaign on Wednesday in one of Lexington’s premier parks, Woodland Park. The new property tax, which would cost the average homeowner an additional $53 per year, would generate about […]