News & Analysis as of

Tax Liability Housing Market

K&L Gates LLP

The Rules That Apply to Foreign Persons Purchasing Established Homes in Australia are Going to Change on 1 April 2025...So, You...

K&L Gates LLP on

The Hon. Jim Chalmers MP, Federal Treasurer and the Hon. Clare O'Neil MP, Minister for Housing, Minister for Homelessness issued a joint media release on 16 February 2025 titled "Albanese Government clamping down on foreign...more

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

Akerman LLP on

Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...more

Coblentz Patch Duffy & Bass

Landlords File Lawsuit Challenging Legality of San Francisco’s Empty Homes Tax

Local landlords and owner-groups filed a lawsuit in San Francisco Superior Court last week in response to the recently-passed Proposition M, also known as the Empty Homes Tax Ordinance. We previously covered the new San...more

Coblentz Patch Duffy & Bass

Voters Approve San Francisco’s Empty Homes Tax and Oakland’s Expanded Residential Eviction Protections

Voters in San Francisco and Oakland approved two measures with significant implications for residential property owners: San Francisco’s Proposition M, also known as the Empty Homes Tax, and Oakland’s Measure V, which expands...more

Foodman CPAs & Advisors

Do you own a second home or a vacation home that you rent out?

Foodman CPAs & Advisors on

Rental income is reportable on a Taxpayer’s tax return. Certain expenses such as mortgage interest, real estate taxes, casualty losses, maintenance, utilities, insurance, and depreciation may be deducted from a Taxpayer’s...more

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