First time home buyer tax credit.
December 31, 2009 by Gordon Corsie · 3 Comments
- Image by doncav via Flickr
In November congress extended this credit and made it more generous. It is a true dollar for dollar credit of up to $8000 for 10% of the cost of the home. The credit is also refundable, meaning that even if a buyer doesn’t owe $8000 of tax, he or she can claim the full benefit and receive a refund check!
Who do you know that may buy their first house in 2010?
If you have lived in your existing home for 5 of the last 8 years then you too qualify for a $6500 credit.
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I always find useful and pertinent information on thescotsman.com web page. When we were ready Gordon found just the right house for our family and he can do the same for yours. He knows the tri-valley area and he knows how to match families with the right house. Thanks Gordon.
Does anyone know if the UK has a similar system?
Not sure but would think they don’t.