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YVONNE JARAMILLO AHEARN (B) - Oahu Real Estate

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Entries in investment property tax (1)

Thursday

Nov152012

3.8% Tax on Sales of Oahu Real Estate in 2013

Thu, November 15, 2012 by

By Yvonne Ahearn (B), Realtor-Broker

REAL ESTATE TAX OR MEDICARE TAX?

There has been a lot of misinformation thrown around about the 3.8% Tax on Real Estate starting in 2013. For example, I have seen blogs and comments where people are proclaiming that anyone who sells their home will be subject to this tax and that the tax applies to the entire sale price of the home. I have also heard some people who think this tax applies to the purchase of real estate. Neither of these statements is true.

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All information on this site is believed to be reliable but is expressly not guaranteed. Blog Posts by various authors are the opinions of the author only and do not necessarily reflect the position of Home Shoppe Hawaii or other contributors. This blog does not give legal or tax advice and readers are encouraged to check with licensed professionals for advice on any specific topic and to verify any information herein. Questions? Please contact Yvonne Jaramillo Ahearn at 808-721-8088.

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ABOUT THE AUTHOR:

Yvonne Jaramillo Ahearn RB-20262 is an experienced and award-winning Broker with Hawaii Life Real Estate Brokers. Yvonne resides in Kailua and sells Oahu real estate all over the island, particularly in the Honolulu, Kailua, Kaneohe, and Ewa Beach areas. Yvonne’s background includes almost 8 years running her own boutique brokerage, and more than 28 years as a licensed attorney, for many years working in the Internet industry in San Francisco. Her clients benefit from her excellent knowledge of Oahu real estate and neighborhoods, negotiation skills, attention to detail, and expertise in Internet marketing and technology. She’s lived on Oahu since 2004, with her husband and delightful young son.