he you are the owner of house property, then its annual value is taxable under the head house property.
according to section 22 of income tax act, 1961, the annual value of building or house property and the land appurtenant (i.e. accompanying) thereto is taxable under this head
explanation of above rule
- even if letting out is the business of assessee still its rental income is taxable under this head.
- if building is let out to carry on the business more efficiently, then it shall be taxable under head profit & gains of business or profession
- in case of composite rent, if it in inseparable.
- if building is occupied by assessee for his own profession or business then nothing shall be taxable.
- income under this head is taxable only if assessee is the owner of the building
for the purpose of owner of the house property following shall be considered (refer section 27 of income tax act, 1961)
- if in case of transfer to spouse or minor child (not being a minor married daughter), without adequate consideration, then transferor shall be deemed owner
- holder of impartial estate is deemed owner
- in case of allotment or lease under a house building scheme of society , then the person to whom building has been allotted shall be deemed owner
- the person who acquired house without registration in part performance of contract under section 53a.
- he lessee of building in case building is leased out for not less than 12 years is deemed as owner.
property houses rise along with price building materialsproperty houses 2011 - residential properties will rise sharply this month because of building materials rose in early april. the increase in prices of buildings for property house nearly 1.5% of the price of building materials last month. for example just paint the walls of the building material price of $ 50 to $ 57 in april 2011.
propertythe increase in housing prices make the office a little property having trouble selling homes, especially the housing sector. the increase in property is what makes this house utamannya cause of building materials and also increase the influence alinnya of needs and the growing population more and more. property is estimated to come home pad in 2013 will rise about 30% of house prices ditahun 2011.
with the rising house prices higher and higher, many properties that choose to build minimal housing and residential land use dipinggiran big-city land prices are still cheap. and residential property would prefer the use of land to build houses with an area of a minimalist as well, which targeted the property pembisnis currently prefer to middle class people who need affordable housing is cheap and ordinary people.
Costa Del Sol Property, Beautiful Villa Promises Luxurious Life
Costa del Sol property has always been very attractive. The villa referred here stands on 1400 sq mts of plot out of the total plot area of approximately 9300 sq mts. The remaining area has been amazingly transferred into landscaped gardens and large swimming pool to make living here even more fun. The villa has many things to offer and makes sure entertainment never stops here.
costa del sol property villa
Three floors have been artistically crafted just to look as if two floors. The yellow and orange paint gives it an ancient royal look. The interior is also very rich and includes the best of the designs as far as the furniture is concerned. The interior has a rich combination of colors to give the rooms a charming finish.
costa del sol property villa
You can sleep here at peace because the 24 hour security system takes care of you even while you sleep. Whether it is hot or cold you will never feel discomfort due to it for the villa boasts of hot or cold air conditioning. The automatic irrigation system ensures the landscaped gardens remain ever green.
Sotogrande was founded in 1962. It is now a mature and established residential resort. The appeal of Sotogrande lies in the natural beauty of the site, enhanced by the early landscaping, planting of avenues of palm trees, underground infrastructure and wide roads. Sotogrande is located 40 minutes from Marbella and just twenty minutes from Gibraltar. Today, Sotogrande is renowned for its varied sporting facilities, and for being the playground of the jet set. It has six golf courses, Valderrama, Real Club de Golf de Sotogrande, Almenara, La Reserva, La Cañada, and San Roque; 11 famous Polo fields owned by the Santa María and Ayala Polo Clubs; two Tennis and Padel Clubs; two Beach Clubs , a Sailing Club, riding stables and a pretty and busy Marina.
Reference: SASOVI84
Distressed Property Villa for sale Sotogrande Alto
Villas - Traditional - Sotogrande Alto
beds(4) - baths(5) - size(448 m2) - land size(1902 m2)- swimming pool
A substantial family home with mountain views and views into a valley. It has a great living room, and large
kitchen, two bedrooms ensuite on the ground floor and on the top floor is the mastersuite with an extra
room, which could be used as an additional bedroom.
The basement has a big garage and a room with bathroom, which could be used as well as a bedroom. It is
a distressed property and requires some refurbishment.
Offers to be considered.
Price: 1.350.000 €
