Tax implications in real estate investing

[Busybee]

What are some of the tax implications of real estate investing?

 

[Nomad]

Every country has its own tax rules. In our country, a property owner needs to pay multiple taxes, including and not limited to municipal taxes, land/property ownership taxes, etc.

 

[Shigobad2020]

It depends on the country where you are running your real estate business, first the law of each country differs , so the implication will also be different but I dont think there will be an issue if you follow the due process .

 

[Syldan]

Actually tax is inevitable in all forms of business and to some extent, in real estate is very compulsory depending on countries.

In my country, the issue of tax on house ownership is very paramount that everyone most pay as long as you owned such property.

 

[Mostee501]

Real estate investing can have various tax implications that investors should be aware of. Some of the implications are depreciation, rental income, capital gains, passive activity losses amongst others.