office renovation singapore

ncrease in value of the land and not the increase in value of the property. It is strictly office renovation singaporespeaking, a tax payable by the seller, but in practice the purchaser is normally asked to pay all fees and taxes due on transfer of property, this office renovation singaporecan be negotiated at the time of sale. This is a tax levied by the Town Hall and is based on the surface area of the land and is calculated at office renovation singaporevarious rates on the annual increases in the value of the land since the previous sale, on the cadastral value and on the date of the previous escritura.  Guide to Mortgages Non-residents can obtain between 60 to 70% of the office renovation singaporebank valuation. We must point out that banks in the Canary Islands do not value a property the same as in other countries. Rebuilding office renovation singaporecosts play an essential role in the official valuation purpose of mortgage loans Costs involved Valuation will cost approximately 210? 1% mortgage opening commission  Insurance will vary from 120? to 240? per year.  office renovation singaporeNotary and registration of the mortgage  Advantages:  Provided you submit the requested financial information, it should be in place within 10 to 15 working days.  The financial information required is minimal Amongst the lowest interest rates in Europe, currently approximately 3.75%  Banks in the Canary Islands will finance you a percentage of the valuation, NOT of the real selling price, office renovation singaporesometimes higher than the buying price Frequently asked questions  What is a sales agreement? A private document signed between the buyer and seller. It must reflect true ownership, legal definition of the property, the exact dates of payment, currency of the transaction (euros, pounds, dollars etc) office renovation singaporecompletion dates and penalty clauses. We strongly recommend that the vendor commits to paying double the amount of the deposit paid should he withdraw from the contract. There would also be a penalty paid by the purchaser in the amount of the deposit held should he withdraw from the agreement. Is it easy for a foreigner to obtain a mortgage?  Yes, Provided you can submit basic financial information to them, getting a mortgage here is much easier office renovation singaporethan in most European countries.  Other costs involved in owning a property in Tenerife   LOCAL RATES Local rates are payable annually, and are calculated from the rateable value of the land assigned by the local Tax Office.  RUBBISH COLLECTION  The rubbish collection rate is applied by the Town Hall according to the property and payable every 6 months.  WATER RATES Water consumption is calculated by the water meter and is payable every 3 months. Payment can be made directly at the Town Hall or by bank with direct debit instructions  COMMUNITY FEES Properties on some complexes will have an annual community charge to cover costs of general maintenance, pool care, gardens, reception etc. Depending on the size of the development and the services offered, this can vary between ?0 and ?00 per annum. Other complexes will not share services and there will be a minimal fee to cover street lighting etc.  ELECTRICITY  Charged bimonthly with minimum rates applicable (whether you are in residence or not). Don’t forget you use a lot less electricity in Tenerife as no heating is required.  TELEPHONE Charged monthly. Standard rates vary according to equipment installed, but can be in the region of ?per month including a touch-dial telephone. Broadband internet connections are available in Tenerife.  These guidelines are meant for office renovation singaporeguidance only and describe a straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take. Author’s Resource BoxSonia Riley is a consultant to Globespan European property portal http://www.globespanproperty.com/. For further advice about purchasing property in Europe please ve taxes. By completing office renovation singaporean exchange, a business (“Exchanger”) can dispose of its personal property, use all of the equity to acquire replacement personal property, defer the capital gain tax that would ordinarily be paid, and leverage all of their equity into the replacement property. Two requirements must be met to defer the capital gain tax: (a) the Exchanger must acquire “like-kind” or “like-class” replacement property of equal or greater value, and (b) the Exchanger cannot receive cash or other benefits (unless the Exchanger pays capital gain taxes on this money).  In any exchange the Exchanger must enter into the exchange transaction prior to the close of the sale of the relinquished property. The Exchanger and the Qualified Intermediary enter into an Exchange Agreement, which essentially requires that (a) the Qualified Intermediary acquire the relinquished property from the Exchanger and transfer it to the buyer by the appropriate title document or bill of sale from the Exchanger and (b) the Qualified Intermediary acquire the replacement property from the seller and transfer it to the Exchanger by the appropriate title document or bill of sale from the seller. The cash or other proceeds from the relinquished property are assigned to the Qualihttp://artrend.com.sg/product/9/Office-Renovation.html