Real estate tips from Kathy Bertani of RE/MAX. Information is provided by "It's Time to Move Up", the real estate resource for consumers who want their questions answers in ways they can understand.

No, unless a disregarded entity is involved. IRC § 1031 provides that no gain or loss will be recognized on the exchange of property held for productive use in a trade or business or for investment if the property is exchanged solely for property of a like kind which is to be held either for productive use in a trade or business or for investment (a so called "qualified use").

A prospective well owner must be registered with the Division of Oil and Gas. Part of the registration requires that the owner show proof of financial responsibility in the form of a financial statement, $50 cash filing, surety bond, irrevocable letter of credit, o certificate of deposit which ensures that the well will be plugged when it is no longer capable of production. When you purchase a well, you become responsible for plugging it when it is no longer capable of production.

Many people don't realise that if they own property (i.e. land/buildings jointly with someone else as "joint tenants" (e.g. most married couples own jointly owned property as joint tenants) then their "share" of that property automatically passes to the other person upon death and does not form part of his or her estate. There is therefore no need to make any mention of that "share" of a property in a Will nor any purpose in doing so.

Prior to any investment we recommend a conference with our principals, Mr. Fell and Mr. Hearn. Please see our Services for more details about this no-obligation learning experience.

The trust documents must be reviewed and approved. A living or revocable trust will usually be accepted. However, an irrevocable trust may not be acceptable. The key is to have the trust documents reviewed at the outset.

The University's Property Insurance coverage responds to the loss of all owned or non-owned property in the care, custody or control of Princeton University. A deductible of $1,000 may be charged back to departments depending upon the nature of the loss. Insurance reimbursement for losses of owned property is made on a repair/replacement basis.

The property that each spouse owned before the marriage, as well as any property given to or inherited by one spouse during the marriage (unless it has been co-mingled or gifted to the other spouse) usually remains that spouse's separate property. If non-marital property is not kept separate from marital property, it may lose its non-marital characterization and become subject to division.

Certain trusts can qualify for homestead. A Certificate of Trust must be completed and approved by the County Assessor, or the Trust must be provided for the Assessor 's review. Call Anoka County Assessment Services for further information at 763-323-5475.

Most properties in Hungary are advertised using prices per square metre, with parking and storage spaces priced separately. As a foreign national wishing to buy a property, you must either apply for permission from the district council or set up a Hungarian company (in which case no permission is required). The council will only give you permission to buy one property in your own name, to avoid foreigners buying up a number of properties.

Yes if a legal transfer is desired. In some cases a perpetual easement can be granted so that the land will revert to the original agency if the parcel ceases to be used for the purpose granted in the easement.

A 21. Related party transactions are being scrutinized by IRS under SEC. 1031 (P), TM 9748006 - 08/25/97 IRS is concerned with abuse of basis. Until we receive further information on related party transfers we are advising against them. IRS appears to be determined to audit all exchanges between related parties.

The eligible funds veterans' real property tax exemption provides a partial exemption where property owned by a veteran has been purchased with pension, bonus, or insurance monies. Another exemption, known as the alternative veterans' exemption is available only for residential property of war veterans. Each county, city, town and village decides on the amount of maximum exemption.

According to the Internal Revenue Code, Section 6337 the following individuals have the right to redeem the property at any time within 180 days after the date the successful bid is accepted by the IRS: The taxpayer and others of interest have a right to redeem the property and any action is dependent upon state law. Therefore, you should contact an attorney or legal representative for this type of advice.

Regardless of the controls used by the Public Protection Department for controlling nuisances, the Housing Association has additional control over the behaviour of its tenants as detailed in their tenancy contract.

A:   If the decedent had property titled jointly with anyone other than the surviving spouse, there may be inheritance tax due. For more information, contact a probate deputy in the decedent's county of residence.

The purchase of a pre-owned Rolex is a very good idea for a couple reasons. First, you will generally save 50% or more, and you can usually buy the pre-owned Rolex without paying sales tax, and this makes the savings even better. Second, the market for new Rolex watches is a little strange. For example, a regional manager for Rolex recently told me that it is one full year for a newly produced Rolex to show up in a retail store. So it is one year old before it even arrives in the store.

Land recommended for exchange or sale will be available at a minimum of 6 months after the DNR Director's final decision. Land auction dates for 2007 are listed below: Auction 3 : Sealed Bid Auction 3 is scheduled for October 15. Bids must be postmarked by Dec. 3, and the bid opening is Dec. 13, 2007. NOTE: Auction 3 AND Auction 4 are combined into Auction 3 of 2007. If the parcel that you are interested in is not posted, you may wish to review that county's disposal status at www.michigan.

Yes, because cleaning attachments and chemicals are not powerful enough to remove all foreign matter. Our cameras show this fact. No. Problems are usually caused by unclean tanks. A thorough hydro-cleaning of these tanks will solve the problem.