Fast-change Mariner boss savours fat profit

Fast-change Mariner boss savours fat profit
But for the ambitious Melbourne lawyer turned arbitrageur, the quick sale exemplifies the new strategy of Mariner, the shell of Bill Ireland's funds management and property investment house, which once managed more than $ 2 billion of funds.
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Buyers compete for short supply of homes in Bay Area
In other parts of the Bay Area, pent-up demand has helped create a hot market for lower-cost homes, with buyers having to move fast to grab foreclosures and be prepared for stiff competition on other homes for sale. In Contra Costa County, …
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How home sellers turn off buyers
Wishy-washy sellers don't use lock boxes that give agents quick access or they're not accommodating when it comes to scheduling the homes for showings. "If you want to sell your house, there should be very few times when you can't show it," said Cathy …
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Domain Flipping: Learn How To Flip Domain Names And Profit

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do I have to pay income tax on house(primary residence) sale profit?

Question by Varsha: do I have to pay income tax on house(primary residence) sale profit?
If I sell my house (primary residence) less than a year and go to another city because my job has changed, do I need to pay income tax on the profit from house sale?

What if, I purchase another house as primary residence? how much tax?
I am on H1B visa?
I am planning to purchase a house at my new job site. Will it help me getting a tax break?

Best answer:

Answer by Arbitrage
If it was your primary residence for a couple of years, you get the first 250k profit (500k if married) for free on capital gains. If it’s been less than a year, then the full gains are taxed.

If you purchase another house, it depends on how long you held onto that second house.

Know better? Leave your own answer in the comments!

How To Sell Your House Fast and With More Profit

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Selling your house is not always as easy as it appears to be. Why is it that one house is sold within just a few days while another house will take up to a year or even longer to be sold?
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FLIP: How to Find, Fix, and Sell Houses for Profit

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