Given the current economic outlook and after confirming the inmediatarecesión of international trade and the contraction of the first economies in the world, our politicians should consider different contingency plans.
One of the main reasons people invest in real estate is for the beneficial tax breaks it provides. The tax breaks are most substantial for middle-income investors who are their own property managers. The value of tax relief depends on your annual income and what type of job you have. Even though the breaks are most significant for the middle class, there are also tax shelters for income produced by passive investors and high-income earners. (more…)