How are lease premiums taxed?
A premium paid for a very long lease is clearly a capital sum, as this is treated as a part disposal of the underlying freehold interest. In this case there would be a charge to capital gains tax. If the lease is for more than 50 years then none of the premium is treated as income.
How much should I pay for a lot?
At 20 percent for finished lots, the price of raw land should be 3 percent of the home price, or 15 percent of the retail lot price. In the $250,000 sale price example, if the finished lot gets up to 25 percent of that sale price, it would be $62,500, and the raw land would be 4.5 percent of the house sales price. Thereof, are corner lots more desirable? Don't be fooled by real estate agents that try to tell you that a corner lot is highly desirable. They're not. In fact, besides often being more expensive to buy, here are 21 additional reasons why corner lots just aren't worth it.
Why do builders charge premium?
A lot premium is an additional cost that the builder may charge if the lot you choose for your home is larger or more desirable in some way compared to other lots in the subdivision. It may have more privacy, water views, or a wooded area. Subsequently, what is feature example? The definition of a feature is a part of the face, a quality, a special attraction, article or a major film showing in the theatre. An example of feature is a nose. An example of feature is freckles. An example of feature is a new movie coming out.
Also, what does featured in an article mean?
a feature article in a newspaper or magazine deals in depth with a topic or person.