Latest news with #TaxCode
Yahoo
a day ago
- Business
- Yahoo
Zelenskyy signs laws exempting fibre optics for drones from duties and VAT
President of Ukraine Volodymyr Zelenskyy has signed two laws introducing benefits for manufacturers of drones operated via fibre-optic cable. Source: Verkhovna Rada (Ukrainian Parliament) Details: In particular, it provides an exemption from customs duties for fibre optics for drones, which will provide favourable conditions for the production of unmanned systems. Law No 4473-IX amends the Customs Code and exempts goods imported into Ukraine for security and defence purposes from import duty. Meanwhile, Law No 4474-IX amends the Tax Code and exempts the importation of such goods into Ukraine from value-added tax. Fibre-optic drones are resistant to electronic intelligence and are critical to the Ukrainian defence forces. However, optical components are mostly imported into Ukraine. Read also: A weapon entirely immune to jamming: How Ukraine is rolling out production of fibre-optic drones Background: In early June, the Verkhovna Rada adopted two laws introducing tax and customs benefits for manufacturers of fibre-optic drones. Support Ukrainska Pravda on Patreon!
Yahoo
20-05-2025
- Business
- Yahoo
Capital Square Founder Louis J. Rogers Authors Definitive Guide on Section 1031 Exchanges
New Book, "Section 1031 Exchanges: How to Swap Till Ya' Drop," Empowers Investors to Build Family Wealth While Minimizing Taxes RICHMOND, Va., May 20, 2025 /PRNewswire/ -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments, announces the release of a new book by its founder and co-chief executive officer, Louis J. Rogers, titled "Section 1031 Exchanges: How to Swap Till Ya' Drop, Building Family Wealth While Minimizing Taxes." Published by Davro Press, the book is now available through all major retailers, including Amazon, Barnes & Noble and Drawing on more than four decades of experience in real estate tax law and investment syndication, Rogers offers a comprehensive, accessible and often humorous guide to the most powerful tools in the Tax Code. "Section 1031 Exchanges" demystifies the mechanics of tax-deferred real estate transactions, making complex topics clear for real estate investors, financial professionals and tax-conscious individuals. Rogers breaks down intricate legal and financial structures into easy-to-understand concepts, making the book a must-read for anyone considering real estate as a wealth-building strategy. In the book, Rogers provides helpful analysis on a range of tax-advantaged real estate investments, including Delaware statutory trusts (DSTs) for tax deferral under Section 1031, opportunity zone funds for tax deferral and exclusion from the sale of any asset, real estate investment trusts (REITs) for stable income and growth, and UPREIT transactions for diversification and other real estate benefits. "This book is a guide to tax-advantaged real estate investment solutions because multi-generational legacies are built with knowledge," says Rogers. "Investor education changes lives." All proceeds will benefit the Children's Hospital of Richmond at VCU, because, as Rogers notes, "While building legacies is important, building the future of our youth, however possible, is essential." About the Book"Section 1031 Exchanges: How to Swap Till Ya' Drop, Building Family Wealth While Minimizing Taxes" is a master class in tax-advantaged real estate investment, written to illuminate the potential opportunities and simplify the sometimes overwhelming complexities. Louis J. Rogers is bullish on education, and the pairing of his deep knowledge and his lived experiences at the center of the evolving real estate investment industry for over forty years shapes a substantial resource for those working in or curious about wealth management, real estate, alternative investments and tax law. Topics covered in the 200+ page volume include: The history and rationale of Section 1031 Exchange rules, myths and safe harbors Delaware statutory trusts (DSTs) Strategies for estate planning and wealth preservation Qualified opportunity zones, REITs and UPREIT structures Praise for "Section 1031 Exchanges" "Louis J. Rogers and the Capital Square team are as good as they get. This book is well worth the investment of time for any real estate investor who wants to understand capital appreciation, tax minimization, and wealth creation." — Willy Walker, Chairman & CEO, Walker & Dunlop "Louis J. Rogers has been part of bringing [1031 exchanges] into modern real estate investing, and he describes this evolution in an easy-to-read style targeted for real estate investors ... a must read for anyone considering an exchange as part of their real estate investing activities." — Peter Linneman, Ph.D., from the foreword "Louis J. Rogers' Section 1031 Exchanges is to real estate investors what Robert Kiyosaki's Rich Dad Poor Dad is to personal finance enthusiasts ... both are essential reads for anyone serious about wealth-building." — Ann Marie Sabath, Author of The Wannabe Investor: 40 Must-Know Facts Before Buying Your First Stock About the AuthorLouis J. Rogers is the founder and co-chief executive officer of Capital Square, a national real estate investment firm specializing in tax-advantaged strategies. He began his legal career as a junior tax attorney at Hunton & Williams (now Hunton Andrews Kurth) before joining Hirschler Fleischer, where he served as a partner for nearly two decades. At Hirschler, Rogers founded and led the firm's real estate securities practice and helped syndicate what may have been the first securitized 1031 exchange program in the country — a foundational moment in the development of modern DST investing. He later became president of the nation's largest sponsor of securitized 1031 programs at the time. Rogers earned degrees from Northeastern University, Oxford University, and the University of Virginia School of Law, and has taught at William & Mary and the University of Virginia. For more information about "Section 1031 Exchanges: How to Swap Till Ya' Drop, Building Family Wealth While Minimizing Taxes," visit About Capital SquareCapital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Capital Square's mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm's property management division, now manages over 11,500 apartments across multiple states. Capital Square's related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for eight consecutive years. Learn more at Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: Testimonials may not be representative of the experience of other customers. Testimonials are no guarantee of future performance or success. Contact: Jill SwartzSpotlight Marketing Communications949-427-1389jill@ View original content to download multimedia: SOURCE Capital Square Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Texas House backs Landgraf's push to protect property tax exemptions for homeowners
May 1—AUSTIN — State Rep. Brooks Landgraf (R-Odessa) proudly announced in a Thursday news release that House Bill 2730, which he joint-authored, passed the Texas House of Representatives this week with unanimous support. The bill now moves to the Senate and seeks to protect the homestead exemptions of homeowners across Texas. Under current law, some appraisal districts have required homeowners to reapply for their homestead exemptions — even without credible evidence that they no longer qualify. H.B. 2730 addresses this by amending the Tax Code to prohibit chief appraisers from requiring a new application or confirmation of eligibility unless they have good reason to believe the homeowner no longer qualifies for the homestead exemption. In such cases, the appraiser must provide a written notice clearly stating the reasons for the request, along with the appropriate application form. "This bill prevents homeowners from being burdened with unnecessary paperwork and ensures their exemption can't be questioned without valid cause," Landgraf said. "This is a win for all Texas homeowners," Landgraf added. "It provides homeowners with peace of mind, knowing their homestead exemption is secure." H.B. 2730, which was filed by State Rep. Drew Darby (R-San Angelo) restores fairness and common sense to the property tax system. Rep. Landgraf remains committed to advancing this legislation in the Senate to protect the rights of Texas homeowners and reduce bureaucratic overreach.
Yahoo
01-05-2025
- Business
- Yahoo
Texas House backs Landgraf's push to protect property tax exemptions
AUSTIN (KMID/KPEJ)- State Representative Brooks Landgraf announced that House Bill 2730, which he joint-authored, passed the Texas House of Representatives this week with unanimous support. The bill now moves to the Senate and seeks to protect the homestead exemptions of homeowners across Texas. Under current law, some appraisal districts have required homeowners to reapply for their homestead exemptions even without credible evidence that they no longer qualify. H.B. 2730 addresses this by amending the Tax Code to prohibit chief appraisers from requiring a new application or confirmation of eligibility unless they have good reason to believe the homeowner no longer qualifies for the homestead exemption. In such cases, the appraiser must provide a written notice clearly stating the reasons for the request, along with the appropriate application form. 'This bill prevents homeowners from being burdened with unnecessary paperwork and ensures their exemption can't be questioned without valid cause,' Landgraf said. 'This is a win for all Texas homeowners,' Landgraf added. 'It provides homeowners with peace of mind, knowing their homestead exemption is secure.' Landgraf said H.B. 2730, which was filed by State Representative Drew Darby, of San Angelo, restores fairness and common sense to the property tax system. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Scottish Sun
25-04-2025
- Business
- Scottish Sun
HMRC issues urgent warning to parents to opt in to benefit worth £1,355 a year after big change
HMRC has issued an urgent warning to parents to opt in to a benefit worth £1,355 a year after big change. You get child benefit if you're responsible for bringing up a child who is under 16 or under 20 if they are in approved education or training. 1 HMRC has issued a warning to help parents Credit: Getty - Contributor The payment is used to help parents cover the costs of childcare. Parents receive £26.05 a week or £1,355 a year for their eldest or only child and £17.25 a week or £897 a year for each additional child. However, if either parent or carer starts earning over £60,000, they have to start paying the high-income child benefit charge. This means you have to pay back 1% of your child benefit for every £200 of income earned over the £60,000 threshold. Once begin earning more than this a year you have to repay the full amount of child benefit received. If you earn over this amount you can choose to opt out of receiving child benefit via It comes as the threshold was recently increased from £50,000 to £60,000. This means parents who are earning less money each year can now claim the benefit and choose to opt back in to to receive it. HMRC issued the update on X, and said: "Opted out of Child Benefit payments and earn under £80k? You may be missing out on support. "The amount you or your partner can earn before you start paying the High Income Child Benefit charge is now £60k. Opt back in online or in the HMRC app." What Does My Tax Code Mean? A Simple Guide to Your HMRC Letter Those who chose to opt out of the benefit can now reclaim. You can do this by visiting the HMRC website or downloading the app. You can also contact the Child Benefit Office by phone or post to restart your Child Benefit payments. After the Child Benefit Office gets your request, it can take up to 28 days before you get your first payment. The office will write to tell you how much money you'll get from backdated payments if you qualify for any. What is child benefit? You get child benefit if you're responsible for bringing up a child who is under 16 or under 20 if they are in approved education or training. The payment is used to help parents cover the costs of childcare. Payments are usually made every four weeks, on a Monday or Tuesday, but sometimes are made weekly. If you are claiming child benefit for a child under 12, you also receive National Insurance (NI) credits. NICs count towards your State Pension so claiming the benefit can be useful if you are missing any. The reason NICs are so important is because you need 35 NIC years to receive a full new State Pension. You are considered a parent, or responsible for a child if you live with them and are paying at least the same amount as the Child Benefit rates to look after them - for example for food, clothes or pocket money. It's important to note that eligibility changes if a child goes into hospital or care and if your child starts to live with someone else. If you're not sure about your eligibility, you can contact the child benefit office. You must contact the Child Benefit Office if you think you are paid too much or too little.
