Featured Properties Search Local Listings Free Home Evaluation E-mail Us
wonderful team - Sue Fahie
"I would certainly recommend you to others."
Read Quote >
View All Quotes >



Get the Latest Listings Before Anyone Else! As soon as I list another home for sale, I'll email you. You'll know first.


Find Out More >
The Hélène Amyotte Team is one of The Top Selling Real Estate Experts™
Find Out More >

Sitemap - Local Information

Welcome > Sitemap > Local Information ...

Ottawa, Kanata and Orleans Information:

  • About Central Ottawa %> - Moving to Central Ottawa? Get info here...

  • About East Ottawa - Moving to East Ottawa? Get info here...

  • About West Ottawa - Moving to West Ottawa? Get info here...

  • About South Ottawa - Moving to South Ottawa? Get info here...

  • All Ottawa Schools by Board and Zone - A directory of all elementary and secondary schools in Ottawa.

  • Relocating? - Free real estate information & relocation package if you're relocating to Ottawa, Kanata and Orleans, in Ottawa County ON.

  • Go to Main Sitemap - Main sitemap sections include Find Ottawa, Kanata and Orleans Homes, For Home Buyers, For Home Sellers, Ottawa, Kanata and Orleans Information, Real Estate Resources, and About The Hélène Amyotte Team.

 

Please Sign Up For The Latest Listings and the Latest Real Estate News 

*Your Name:
*Your Email Address:
Send Latest Listings: What is this?
Send Latest News: What is this?

Your Message or Comments:
* Please note that fields marked with an asterisk are required.


Email With Confidence
Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >



Real Estate Tips

Tax Considerations >Taxable Profits

If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.

Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.

The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.

Consult your tax advisor for your particular circumstance.

See All Tips In The "Tax Considerations" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >


Real Estate Trivia

Q 
What classic 1932 movie scene was filmed between 923 and 935 Vendome Street in the Silver Lake district of Los Angeles?

A 
Laurel and Hardy tried to lug a heavy piano up a really long outdoor stairway in "The Music Box."
See More Real Estate Trivia >


Print This Page Send To A Friend


The Hélène Amyotte Team, REALTOR®, real estate agent and broker for Ottawa, Kanata and Orleans, Ontario home listings, property and land for sale - NUMBER1EXPERT

The Hélène Amyotte Team
Keller Williams Ottawa Realty

610 Bronson Avenue
Ottawa ON K1S 4E6
Direct: 613-237-5996
Office: 613-236-5959
Fax: 613-237-8611
Email: Info@Amyotte.com

The Hélène Amyotte Team is a unique group of dynamic professionals, each with their own specialty, but who work together as a cohesive team to attain your goals.


www.Amyotte.com is brought to you by The Hélène Amyotte Team
NUMBER1EXPERT in real estate for Ottawa, Kanata and Orleans, Ontario

Read The Hélène Amyotte Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge




USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.