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How long do i have to live in a place so i don t pay capital tax

 
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Monty


Hi. How long do i have to live in a place so i don t pay capital tax? Thanks. Joel
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    Q. How long do you have to live in a house before you have to pay capital gains in canada?


    how many month we have to live in 15 years old house i can save capital gain that is my principal residence

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    Q. What are the implications of selling your main residence when you have gifted half?

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    About 10 years ago, my mother put my sister's name on the deeds of her house and wrote a will which left me her half and assumed that her house would eventually be divided equally between her 2 children. the reason my sister's name was put on to the deeds no longer exists. during this entire time my mother has continued to live at her home alone. does this qualify as a gift with reservation? recently, my mother has been considering selling her home, however, she has been given conflicting advice. she has been told that she may have to give half the money from the sale to my sister who will then have to pay capital gains tax. if this is true then is she liable for the capital gains tax rate that was in place at the time the gift was made or the rate at the time the sale is completed? my mother is now feeling extremely trapped and very confused as we all thought that if she has carried on living in her home this entire time (despite the gift being made more than 7 years ago) then it is still hers and that upon her death it would be entirely liable for inheritance tax. until recently we were only concerned that her will might not be sufficient as it currently stands to ensure her assets are divided equally between her 2 children. please advise as we don't know how to proceed.

    "Of the proceeds and will have to pay capital gains tax..."



    If your sister is named co-owner of the property than your mother can not sell the house with the consent of your sister. If your sister consents to the sale of the house, she is entitled to half of the proceeds and will have to pay capital gains tax , unless she buys another house which is her main residence. Should your mother die before the sale of the house, then you sister is entitled to half of the value of he house and the others named in the will have to share the other half (which is your mothers legal half). Inheritance tax would only have to be paid on your mothers half, as the other half already belongs to your sister. I suggest you have ownership changed to your mothers name, then sell the house. What is not clear in your post, if your mother is looking for another property as her main home, otherwise she is liable for capital gains tax

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    Q. Anyone else sick of the muslims?

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    To be perfectly honest i am sick of the redicilously out-moded concepts that they rither violently force down people's throats or make such a fuss about everything you have no choice but to listen. i am not religious but very spiritual, i believe you can have a relationship with god without having to follow rediculously outdated religious dogma. i do think religions are a good way to bring people together and they can do some good in communities; the basic premise of "love thy neighbour" cant be a bad thing to follow after all. i live in london and our lovely capital city has been taken over with muslims, for who knows what reason. i was walking in the east end yesterday and saw a sticker promoting a "muslim march" against the "vilification on islam by the western media". it is surely hard to vilify something if it is pure. all we ever see are muslims burning effegies of pretty much anything they can think of, muslims being arrested an tried (and recently convicted) of trying to blow us up for paying our taxes, welcoming you into our country and giving you the benefit of the welfare state and freedom our grandparents fought to protect. i can accept that it is perhaps a minority, and that it is maybe over-hyped, but these things are undeniably hapenning. i am not even allowed christmas decorations in my office because of possible offence to muslims. however i am not allowed to demand a member of staff misses friday prayers because i have an important deadline to make. is there not some inconsistency here? if you decide to move to a country, you are bound of fit in with their existing culture. britain is not multi cultural, it is british cultural! if you don't like it, don't live here, it seems very straight forward to me. if i went to bangladesh and was to start trying to instill christian culture and wear clothes that were completely out of place, i would hate to think how long i would last! i am not being racist, the colour of someone's skin makes absolutely no difference to the type of person they are. their behaviours do however impact on the type of person they are. i believe that if you chose to come to britain and take advantage of our culture then you need to fit in. you cant go around taking offence to things that have existed for centuries, and try and uphold cultural (note, not religious) traditions like full face veils, arranged marriages and continue to speak your native language with no effort to learn our native language, and expect people to be happy with it. i like with a family of six bengali muslims for over a year when i was younger, and i can tell anyone that thinks otherwise, these traditions are upheld only in front of the older generation. the younger generation in general are rebelling against them, with a minority going the other way and becoming extremists. so my point is, we aren't vilifying you, you are doing it to yourselves. if you want to be accepted, then you as a community must shape up, or ship out. to clarify, i am not being racist. i dont care if you are black, white or green, gay, straight or a monkey lover. you cant judge someone on one characteristic, it is their behaviour and ethics that make them who they are. i do not hate muslims, and welcome them to britain, as i have said i have lived with them in the past and still live in a predominately muslim area. what i am saying is that if you decide to move here, for the obvious benefits of having a higher chance of a good standard of living, then that is a free choice that you make (i am not talking about political asylum seekers; an entirely different sort of immigration) and you must accept that you are taking advantage of the benefits a culture has produced, so you must endevour to become part of that culture. britain is wealthy because of a highly valued british culture and society. muslim cultures in general aren't very rich, at least in terms of the distribution of wealth, so fitting in is all the more important

    No just the crazy funkers that kill in the name of god, and I should say any god.

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    Q. Calderon vows to restore mexico's appeal but will it work ?

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    Http://news.yahoo.com/s/ap/20070306 /ap_on_re_la_am_ca/mexico_curing_mi gration mexico city - mexican president felipe calderon won't be fighting for migration reform when he meets with president bush next week. instead, he will be be spelling out what he intends to do to keep mexicans at home. advertisement calderon, who was inaugurated on dec. 1, has pledged to take 100 actions in his first 100 days in office, many of which represent the first steps toward "curing" mexico's long tradition of illegal migration to the u.s. if implemented, his proposals could help transform mexico from a labor-exporting country with relatively low growth, productivity and wages into an investment-rich, job-producing economy with better living standards for its 107 million people, nearly half of whom still live in poverty. "we are laying the foundation for a more just, healthy society with better and more equal opportunities for all," he said. even a modicum of success for calderon would improve on the record of his predecessor vicente fox, who failed to persuade the united states to accept mexican guest workers and also could not put in place proposed reforms. like fox, calderon faces powerful mexican monopolies and oligopolies, union leaders and old-school politicians who have resisted changes to a system that concentrates power and wealth in a small number of hands and blocks attempts to improve competition, lower consumer prices and open the job market to more people. unlike fox, calderon has shown he can rally lawmakers and others behind his plans: congress unanimously passed his 2007 federal budget and he has united state governments behind a nationwide crackdown on drug trafficking. among other things, he has proposed labor, energy and judicial reforms to encourage investment, promote competition and create jobs; improved tax collection to generate more revenue to fight poverty and improve education; universal health care and support for small and medium-size businesses. "curing" migration will take many more than his six years in office, calderon says. with this in mind, he set the goal of boosting mexico's per-capita income from the equivalent of about $8,000 today to around $30,000 by 2030. "it won't be easy. it won't be fast, but yes, it is possible," calderon said. calderon and bush will meet in merida, the capital of yucatan state, on march 13 and 14. officials have not disclosed in detail the talks' agenda, but in addition to migration, the two are expected to discuss drugs and unresolved trade disputes over trucking rights and agricultural products. u.s.-bound migrants include not only poor and poorly educated unskilled laborers, but also middle-class entrepreneurs, college graduates and professionals. many actually have jobs in mexico, but the salaries don't match their talents and experience, and workplace discrimination is widespread. "i think he's on the right track, but migration is a long-term problem," said jorge chabat, an international affairs expert at mexico city's center for economic research and instruction. jose antonio perez, a 27-year-old college graduate from the oil-rich gulf coast state of veracruz, has a degree in mechanical engineering, but no real career prospects in mexico. his jobs have included a five-month, unpaid engineering internship at a boat-repair company; a two-year job with a telephone company that offered no benefits and no chance of advancement; and his current teaching job, which requires little of his engineering skills and offers no insurance benefits, vacation, or job security. perez works 12 hours a day monday through friday teaching high school mathematics and computers — a post that pays $12,000 a year. he supplements his income with odd carpentry and bricklaying jobs, or selling clothing and even cars. "i sleep four hours a night," he said. "i can't even think of having a family until i get something more secure." more than a year ago, when several of perez's friends were working illegally in the united states, they earned as much as $26,300 a year pumping gas or working in carpentry. the friends have since returned, but their stories have inspired perez. if his situation doesn't improve in six months, he plans to cross the border as well. "i could be a carpenter or a locksmith," he said. calderon — who often notes that he has relatives in the united states, although he has not revealed their legal status — says he is well aware of the difficulties mexicans face trying to live and work in their own country. he recently told the american chamber of commerce in mexico: "the ideal situation for mexico is not to have mexicans migrate." ____ on the net: http://www.presidencia.gob.mx/en

    I'll believe it when I see it , that's not their agenda

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    Q. Would you be satisfied with this? what would you do?

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    Ok long story short when i became 14 or 15 my mom stop buying my clothes and shoes for school until christmas! which means i had to wear one pair of the same shoes for years un till they fell apart. i got my own job on my own at 16 years old, then my mom lost her job and even though i made $150 every week i gave her $100 every week even though she had savings; while i was struggling check to check to pay my own cell phone bill! i worked for about 6 months until she told me i had to pay part of the cable/internet bill; i was also in school at the time. i finally graduated 2010 and i had to finance a cheap car for $4500 to get around cause my mom always nagged about taking me places after i got my car (still paying for) i got a promotion at my job to a manager $9/hour. i am on my moms insurance i pay my own $200 insurance my own $250 a month car note/ my own $72 phone bill(family plan) and $50 to $64 a month for cable and internet, i feed myself and basically take care of my self while living with my mom, i live check by check every 2 weeks now just to pay these bills! i never have any of the money i work hard for for my self, maybe only $50, but that goes towards my gas. when i received my state refund my mom asked for half and i gave it to her, when i get my federal she wants half cause she won't get anything from her taxes. my brother just came back from another country and he isn't making any effort to find a job to help out! he sleeps all eff-in day and won't even put the dang dishes up in the dishwasher. my step father just left my mom so now she is stuck with $1250 for rent +utilities. i told her before to leave him and she didn't listen now she is stuck in a bind. my bf just went to navy boot camp and i am trying to save money so his parents and i can go to the graduation in 6 weeks! i understand him leaving her or whatever, but i been pitching in the household since i was 16!!! i am tired of this and i am enlisting in the us navy as well to get away from this lifestyle, because there is no money for college, i just turned 19 and my mom is against me going to the navy, she always has something negative to say, but i am trying to better my self and think of my future. am i wrong for feeling like this?? what should i do? i been doing this crap since i was 16! with all my expenses except for the cable that is a whole check with only $46 left over! wtf, yes she is my mother and she took car eof me, but she also put me in the situation to live with my effin stepfather that molested me years ago! i don't drink nor do i smoke illegal drugs, but now i wish i did. i know this is very long, but if anyone could help it would be greatly appreciated. please help! i am flipping out and she is getting mad cause he whole check had to go towards rent, thats not my fault i told her not to get involved with him as a young girl! now look at the situation! i also have a baby to take care of (my cat) she has been with me for years i am the only one taking care of her. i also have a capital one card, but i know i wouldn't be able to pay the bill so i don't use it! i am still paying it back from the last time when i had to help out around the house, which the card was almost maxed out. please help me, i don't want to work my self crazy with a second job! how the freak am i going to get a job in this economy, i have been trying! i already work 5 days a week 10hours a night. am i suppose to work myself crazy?!!?!?!?! jamie your answer is just pissing cause obviously you can't interpet what i have typed. illiteracy i suppose? yea i went there. some times not even 10 hours, i am a young manager so really how can i balance 2 jobs if i am always at my job! popeyes treats their employees like shiz!

    "Have to payy 15$ of rent as long as yyiu go to college..."



    Wow. That's tough. Yyes she's yyour mother and yyou should care for her but yyour 19.. yyou can't take on that responsibilityy.. if yyou reallyy want the navy.. go for it. Or yyou can move out.. there are some programs where yyou onlyy have to payy 15$ of rent as long as yyiu go to college . Stayy strong.. yyou dont need the drugs or alcohol.

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    Q. What do you think of this political platform?

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    Anything that sounds interesting? or a living dead platform that needs to be put to rest? what don't you like? -taxation- replace the progressive tax with a 15 % national flat tax or a 30% consumption tax (excluding food and other items necessary for survival). states have the ability to levy any other form of taxation they deem necessary. -foreign affairs- nato was designed with a specific purpose which has been completed, making it outdated, thus a new military alliance should be established to replace it to reflect modern relations. reduce participation in international organizations and treaties. -health care / insurance- since any blanket plan that covers a political region as diverse as the entire us would be inefficient, states have the sole ability to set up any system of healthcare (private or public) for themselves, designed to meet any special needs, desires, or unique circumstances of the state. -welfare- 2/3’s of the us budget is mandatory, consisting of ss, medicare, medicaid, and welfare. mandatory spending is more than twice as high as it was in the late 50’s. mandatory spending is constant and inflexible, thus as a high priority, we need to focus on controlling cost and increasing efficiency of our programs. the exponentially growing costs of part d which was implemented in the early 2000, is one of the recent legislations responsible for the increase. section 8 has been identified by criminologist for the rise in violent crime in mid size cities and suburban settings. it has also served to spread the reaches of gang activity across the nation. social security is currently unstable due to later entry in the job market by teenagers and the increased longevity of our elderly. in its current state, ss pays off current expenses and does not serve as a tool of savings. since accounts are not separated more is able to be removed than placed in without consequence, and the unpredictability of a return investment is always susceptible to loss. as a short term patch, the age of ss needs to be increased. the long reaching goal is to return accounts back to their individual status and let capital interest and savings serve its role in leveling consumption levels. -crime- no automatic repeal in capital cases (you can still repeal for mistakes and flaws). capital sentences are to be carried out within 3 years after sentencing (for all new cases, not older ones). length of incarceration for all non capital felonies need to be reduced, while removing tvs, weight training equipment, coffee, and any other luxury items that are not conducive to reducing recidivism. as it would save money with fewer years of incarceration and less required commodities, which could then be given to other sectors such as rehabilitation, courts, etc. tort reform and higher penalties for false lawsuits @anger thanks for the commentary, but i disagree with the riots, the level of rioting/revolt would be the same as limited movement or even complete isolation is allowed. a quick and sweat approach also allows for more money into programs such as training, education, etc. some sectors even have tent cities where the chain gang is currently enforced, and the level of control and security is strong. so i don't think removing these appliances would be a long term source of upheaval. @avinue thanks for the input, my reasoning for food at any rate was that, a consumption tax would hurt the poor unjustly, unless it spared basic necessities, i suppose certain foods can be taxed to change dietary choices. yeah, i don't know "were" i got that, sorry about any spelling/grammar errors, i usually type as i think and i forget to proof read.

    "You live in a fantasy where you think a prison riot would be successful..."



    "Oh my god! Somebody actually read the entire thing?!" The opinion of a "wise beyond her years" (pfft) 16 year old: Taxation: Completely agree, except with the idea that food should not be taxed, because America is the fattest country in the world and that is one of the reasons why my generation is proposed to be the first to LOWER the life expectancy again. Taking tax off of food couldn't help the problem. Foreign Affairs: Completely agree with coming up with something else to replace NATO, I also agree with taking a step back from international policies, but I feel like doing that would piss at least a few other countries off majorly which could cause serious problems... Health care/Insurance: Agree, but I think that the national gov't should have enough control to be able to provide health care for anyone who truly needs it and cannot afford it. Welfare: Frankly, I don't understand 9/10ths of everything you talk about in this section :/ I did not agree with your idea to temporarily increase the age of SS, because so many people think it's too high already, until I read your explanation why. If I made this change though, I wouldn't do it without first thoroughly preparing for an angry American backlash. Crime: Agree, agree, but the length of incarceration definitely shouldn't be reduced. I say that though I have no better idea to help solve the problem of the ridiculously overcrowded jails. I agree with removing luxury items, because it would save money but with a shorter term of incarceration that just makes for that much less of a chance of rehabilitation. EDIT: @anger: If there was a prison riot, first and foremost, all of the guards would not be killed. One or two may be injured, but seriously, you live in a fantasy where you think a prison riot would be successful. Secondly, if there was a prison riot, what would it do? EXTEND EVERYONE'S TERM OF INCARCERATION! Not to mention cause punishments in the prison, such as taking away luxury items. So either way, your luxury items would be taken. Yeah, REAL good idea. Apparently you live in a world where no one knows how to spell where. Although I do believe marijuana should be legalized even though I don't smoke it, you clearly don't realize how legalizing all drugs would negatively impact the country. Yeah, you want to reduce overcrowding in jails? Good idea to essentially insure that the number of babies born to crackhead parents will increase dramatically. 3rd edit: I didn't even notice that you spelled 'were' for 'where' somewhere, that was directed toward anger, because his is very evident. So sorry for coming off rude to someone who's political platform I agree with for the most part(:

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