Increase Your Buying Power With Capital Gains Reinvestment

Written by Elaine VonCannon


Continued from page 1

Followingrepparttar Rules Leads to Success

IRC Section 1031 has strict guidelines for property owners to follow while engaging in property and tax exchange. Consultation with real estate professionals, qualified intermediaries, lawyers and accountants is essential. Like-kind commercial and investment properties must berepparttar 111989 same in nature and have comparable characteristics. The properties can differ in quality and improved property may be exchanged for unimproved property. The relinquished property must be exchanged for a property of equal or greater value, equity or debt. Ifrepparttar 111990 replacement property is of lesser value, equity or debt tax is then computed forrepparttar 111991 amount ofrepparttar 111992 gain orrepparttar 111993 difference in value. The property owner must pay whichever cost is lowest. Also, properties are only considered to be like-kind when they are located withinrepparttar 111994 same country. Properties withinrepparttar 111995 United Sates cannot be exchanged for properties located outside ofrepparttar 111996 country.

Time Is Money

Property exchange does not requirerepparttar 111997 taxpayer to sell and buy simultaneously. The Tax Reform of 1984 imposed precise limits onrepparttar 111998 amount of time an exchange transaction can be in process. Property owners have 45 days fromrepparttar 111999 sale ofrepparttar 112000 relinquished property to identify a replacement property. The exchange must be completed within 180 days of closing or onrepparttar 112001 tax return due date forrepparttar 112002 current year. Do not miss identification or exchange deadlines! If these deadlines are not metrepparttar 112003 exchange is no longer qualified andrepparttar 112004 capital gains tax must be paid. Armed with knowledge and creativity any property owner can increase their buying power and take their real estate success to even greater heights. Remember to find real estate and financial professionals to assist with adherence torepparttar 112005 federal laws. Once you have learned torepparttar 112006 most lucrative way to manage your ventures and capital gains real estate victory will be at hand!



Elaine VonCannon is an award winning real estate specialist in the Tidewater and Williamsburg areas. She can assist you with commercial, residential, business and investment properties with professionalism and your best interests in mind. For more information please visit www.voncannonrealestate.com.


The Need for an Economic Renaissance

Written by Doctor Edward C Hamlyn MBChB


Continued from page 1

Prior torepparttar computer we had no way to handle ideas, to store them, and turn them into a currency.

But money inrepparttar 111988 form of computer entry is ideal, provided we introduce honesty intorepparttar 111989 system. For a democracy to existrepparttar 111990 currency must be created and issued byrepparttar 111991 Government, which must be ofrepparttar 111992 people, byrepparttar 111993 people and forrepparttar 111994 people. This is all important, because whosoever creates and issues a nation's currency has absolute power, dominion and sovereignty over that nation.

Whoever it is, that has this privilege, controls everything. He, or they, are aboverepparttar 111995 Law, above Parliament, and actually constitute a financial dictatorship.

That dictatorship, which now exists, needs all its power to controlrepparttar 111996 Press, andrepparttar 111997 media, in order to hide from view what is actually going on. That power will have been used to makerepparttar 111998 practice legal, but that does not make it honest.

It is, in fact, a very evil regime run by an evil elite.

A whole upper strata of society came into existence to serve this dictatorship. The culture,repparttar 111999 whole civilisation has become corrupt andrepparttar 112000 practice becomes world-wide Globalisation isrepparttar 112001 phenomenon we are addressing Thereforerepparttar 112002 whole practice of money must be available for public scrutiny, so that we know it is all honest and above board. The Treasury isrepparttar 112003 most secretive department ofrepparttar 112004 Government.

The Bank of England isrepparttar 112005 most secretive and private bank inrepparttar 112006 world.

There is no place for ethics in that set-up. But it could be different, and we could reformrepparttar 112007 monetary system so that we use money, instead of debt, as our currency. That would be a fundamental change. The whole subject of economics will become very easily understood by everyone. So easy to police, that dishonesty would vanish.

To summarise:

We need a competent and reliable means of exchange. We need to be able to distribute, torepparttar 112008 whole human race,repparttar 112009 quality of life that is now obtainable. No difficulty at all. Our only real difficulty is in confrontingrepparttar 112010 extent of evil inrepparttar 112011 existing system. It takes a very brave man to confront evil. But evil melts like butter inrepparttar 112012 sun, when confronted with courage.

Addendum.

About 25 years ago, I was working with Arthur Lewis M.P., forming up an All Party Committee atrepparttar 112013 House of Commons, seeking a Freedom of Information Act, with reform ofrepparttar 112014 Official Secrets Acts. One of my jobs was to seek out abuses ofrepparttar 112015 Official Secrets Acts, with which to make media coverage, forrepparttar 112016 need to establish a right forrepparttar 112017 citizen to knowrepparttar 112018 truth. There were very many abuses, butrepparttar 112019 most important were inrepparttar 112020 field of finance. I discovered that our currency is not created and issued byrepparttar 112021 Government, but by private financial institutions, such as banks. It took me many years to obtain that data for use without violatingrepparttar 112022 Official Secrets Acts Now I can use it, butrepparttar 112023 data is so unbelievable, and is such very bad news for very powerful vested interests, that it remains a secret. But not an official secret, for I have it in writing fromrepparttar 112024 Government, and can therefore use it.

The whole purpose of this briefing sheet is to tellrepparttar 112025 people of this country ofrepparttar 112026 enormous advantages that would benefit each and every one of them, if this abuse ofrepparttar 112027 financial system, were fully exposed and corrected.

www.monetaryreform.org



Dr Hamlyn is a founding member of the Royal College of General Practitioners, a veteran of WW II, retired farmer and practicing medical doctor. He is a prolific and articulate voice on the subject of monetary reform.


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