I have been working in the Pensacola area for over 5 years and specialize in the residential market. Whether you are a first time buyer or a experienced investor my goal is your satisfaction. Before real estate, I worked for many years in Printing and Publishing where communication and customer service is a must. I have carried this work ethic into my Real Estate Business with unbelievable results! I am always available, 7 days a week.
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Tax Considerations >Tax Implications of Selling Your House Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
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| Q |
What is the mysterious American island whose private owners are intent on preserving the ways of early island life?
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| A |
The Robinson Family, owners of Niihau, Hawaii, have done everything in their power to preserve traditional ways. |
 See More Real Estate Trivia > |
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Robert Havrilla
RE/MAX on the Coast
911 Gulf Breeze Parkway
Gulf Breeze, FL 32563
Direct Line: 850-450-7341
Fax: 850-932-7002
Robert's Email: r.havrilla@mchsi.com
Specializing in Escambia Home Sales & Santa Rosa Home sales. Robert Havrilla is the one to call. Selling Perdido Key Homes, Pensacola Homes, Pace Home, Milton Homes, Gulf Breeze Homes, and also Pensacola Beach Homes. Robert also sells Beach condos & Golf course homes/condos. Servicing much of NWFL home sales. Robert is very service oriented and can sell or list your FL Panhandle Home. Call anytime day or night. (850) 450-7341   
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