Austin Real Estate

Many individuals and families purchase real estate as a personal residence. This purchase has a number of tax consequences.

For instance, the individual will be taxed on the real estate as a personal residence, with the tax rate and base determined by appraisals and local property tax jurisdictions.

However, if the individual purchases the real estate with the intent to resell as an investment. In some cases, this investment will be treated as a business purpose and taxed according tax laws for businesses and business investments.

If you are looking for Austin real estate or have questions about real estate investments, visit the Austin homes of the Carvajal Group at 512-419-7770.