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Do you have to pay taxes on your home sale?
yes
Do you have to pay taxes when selling a mobile home?
Yes, you may have to pay taxes when selling a mobile home, depending on your location and specific circumstances. Generally, capital gains tax could apply if you sell the mobile home for more than you purchased it. Additionally, some states impose sales tax on the sale of mobile homes. It's advisable to consult with a tax professional or local tax authority to understand your obligations.
Do you have to pay the land taxes if you own your mobile home in a mobile home park?
Yes, you do, but they are usually quite small.
Are mobile homes subjected to the same amount of taxes as a residential home?
their taxes are going to be the same as a residential home because they have recently shed their tax free status. many mobile home owners now pay taxes that have never paid it in the past.
Do you pay sales tax on a used mobile home in Tennessee?
Yes, in Tennessee, you are required to pay sales tax on the purchase of a used mobile home. The sales tax rate is generally based on the sale price of the mobile home. Additionally, there may be local taxes that apply, depending on the jurisdiction. It's advisable to consult with local authorities or a tax professional for specific details related to your situation.
Do you have to pay sales taxes when you buy a used mobile home?
In Canada you do. -If you are in US,consult your local realtors for this answer.
Do you have to pay sales tax when purchasing a used older mobile home in Florida to leave on a lot in Florida?
Unless you pay the mobile home in one shot, you may be assessed sales and other miscellaneous taxes. Most times, however, the only taxes that are assesses are lot or property fees.
Do you have to pay taxes on a home equity line of credit when the house is sold tax-free because it was owner-occupied for more than two years?
If you mean do you have to pay taxes on the proceeds from the sale of a house which had a HELOC on it, the HELOC would be have to be paid off upon sale of the subject property. You wouldn't have to pay taxes on it since it is an expense, not income.
If you pay back property taxs on somebodys mobile home is it mine?
from what i believe (depending on the county/state) you wouldn't be paying the taxes on the mobile home, but rather the land it is sitting on. This is usually referred to as a tax lien. But most states have a set amount of time that you have to pay the back taxes on before you can obtain the property/mobile home (there is a legal process to obtain it too) Some states vary from 5-7 yrs
Do you pay sales tax on a new Mobile home home in Louisiana?
In Louisiana, under Act 500 of the Louisiana 2009 Regular Legislative Session, mobile home owners who reside in the home will pay tax on 46 % of the retail price. If the owner does NOT reside in the home ,they will pay tax based on the total cost of the home. This sales tax does not apply to any subsequent sale of the home.
Do you have to pay taxes on free rent?
not if you are renting free from the home owner the home owner has to pay taxes
What kind of taxes does one have to pay when you sell your home?
You will find a lot of information about taxes regarding the sale of your home on the IRS website. They will be able to guide you in what forms you need to fill out before you sell your home to make sure that you do not get in any trouble with the them.
