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There are many differences between owning or selling property and businesses in CA vs. NV:
Lake Tahoe, California:
* More Single Family Homes Starting at More Affordable Prices * More Multi-Family Properties * Higher Property Taxes - Calculated at the Point of Sale * Real Estate Taxes are Charged at 1% of the Sale Price Plus a Fixed Rate for County Taxes (.25% in El Dorado County); a Total of 1.25% Annually
Lake Tahoe, Nevada:
* Less Single Family Homes Starting at More Expensive Prices * Lower Property Taxes & a Constitutional Ban on Personal Income Tax * Owner Anonymity & Privacy with Protection for Directors & Officers * 1-Person Corporations with Inexpensive Annual Requirements * No requirements of Shareholders or Directors to live in NV * No tax on issuance of corporate shares * No Initial or Minimum Capital Required * No Succession or Inheritance with IRS * No Tax on Sale or Transfer of Shares * No Sharing of Information with IRS * No Corporate Income Tax * No Gross Receipts Tax * No Franchise Tax * No Inventory Tax
All information is deemed reliable, but not guaranteed. Please consult with your tax professional prior to making any decision to purchase real estate or a business based on tax benefits. Tahoe's Choice Real Estate is not a tax professional and is not qualified to give tax advice.
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Tahoe's Choice Real Estate 900 Ski Run Blvd Unit 104 South Lake Tahoe, CA 96150
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