Will property taxes for rental property be deductible in 2018?

The property taxes for rental property can be deductible in 2018. Your typical rental expenses are basically electricity, heating, water, advertising, repairs and maintenance of the rental premises, interest portion of the mortgage, property taxes and legal fees if you have spent money to recover your rent from the current tenant or from the previous tenant. If you look at the pre launch projects in Bannerghatta road, you can be assured of proper demarcation of taxes and they are paid on time. All the expenses and maintenance amount are handled by the apartment or project authorities. Bangalore is coming up with just real estate projects that are quite transparent with their work

A little more into the discussed topic 

The taxpayers will be able to deduct their 2018 rental property taxes on their 2017 returns if they pay those tax bills before the end of the year—and only if the taxes were assessed before 2018, the Internal Revenue Service said in a news release.

 Bangalore has come up with a grand project – the Prestige Park Square which is an epitome of enviable amenities and apartments and it can be taken for rent as well if needed. Those who have already gone for rented ones can deduct the property tax for the rent. Prestige Park Square ensures some spacious and lavish units for all those who wish to live a luxurious life. Bannerghatta Main Road aids all the connectivity to various parts of Bangalore. Prestige Park Square, Bangalore has many schools, hospitals, IT Tech Park, commercial complexes and many other social infrastructures in the near proximity. So investing in projects of this sort can be profitable. 

 Property taxes for rental property are likely to be treated as a business expense against rental income. Thus, there would be an expense on a “schedule C” business, rather than a deduction against personal income. Real estate market would be affected to a certain extent. Income earned from leasing land, buildings, and that of furniture is subject to a non-final 15% withholding tax, levied on the gross rent. This tax is credited against the taxpayer’s total income tax liability.

Taxable income is computed on the basis of the actual rental value of the property or the government determined rental value, whichever poses to be higher. A standard deduction of 30% is granted for repairs and collection charges. Interest payments relating to loans used for the construction, acquisition, and repairs of the property are also entirely deductible.

 Property taxation is actually a very interesting sector. There is no comprehensive system of property taxation. Not only does it differ among the states, but it also varies between the municipalities within the states. For leased properties, property tax is levied on the annual rental value of the property. Hence, rental property taxes can be mostly deductible this year and this is applicable for most of the states. Bangalore is one of those cities who have been assuring this fact. The propping up of innumerable luxury projects are about to change the entire scenario.

The Peninsula Heights Amenities – A Class Apart!

A real estate project is always judged on the basis of some indispensible factors and amenities are certainly one of those. Peninsula Heights by the reputed builder Peninsula Land Ltd. has all of the enviable and world-class amenities. The peninsula heights apartments are of 3 BHK, 4 BHK and 5 BHK facilities. The project comes with 2-level car parking and separate space for guest cars. There are amenities galore such as swimming pools for kids and adults, senior citizen corner etc. Peninsula Heights is a stone's throw from important hubs of the city, schools, hospitals, shopping malls and movie theatres. Public transport connects JP Nagar with all parts of the city. Peninsula heights jp nagar is ready to set a benchmark with all its amenities and specifications. The Project has got 2 towers namely Crown Tower and Ascent Tower.

Peninsula Heights

Amenities and specifications –

·         This is the hub of contemporary lifestyle amenities and breathtaking landscape views where a newer generation family will experience thrill and indulgence.

·         The Ascent tower of this project comprises 16 floors with 3 and 4 bedroom apartments with private lift lobby area while the Crown Tower consists of 20 floors and has got all the 3 types of  homes including 5 BHK Duplex and Penthouse.

·         Rain water harvesting, Solar lighting, Children play area, Barbeque area, Senior citizen corner, Children’s pool, State of the art gymnasium, Table Tennis, Squash court, Board games, Billiards room, Aerobics and yoga room, Mini theatre, Indoor golf simulator, Multipurpose hall, Business centre, Library and reading room, long stretch of jogging track etc. are managed to be equipped within the same premise and all of them are indeed enviable.

·         Club House, Community Hall and Departmental Store are also been placed within the premise.

·         Imported marble flooring and skirting has been provided in living, dining, master bedroom, Puja room and passage. Premium wooden laminated flooring and skirting have been used in family room and one bedroom.

·         Vitrified tiles flooring and skirting in other bedrooms are the main attractions of bedrooms.

·         Coloured video phone with intercom and camera are adjusted outside the main door.

·         Acrylic emulsion paint has been used throughout. Exterior grade emulsion for utility and deck and balcony areas ensures quality materials.

·         Cornice for the entire apartment has been provided. Clear 10 feet floor to ceiling height in apartments and Partial power back-up within the apartments have also been equipped.

·         The project is well equipped with all modern amenities and 24 x 7 security service to facilitate the needs of the residents which actually ensure the safety of the inhabitants.

More than just having the best of amenities and specifications, Peninsula Heights can certainly boast of a very innovative and brilliant appearance of the project. The property is spread across 3.64 acres of land with large portion of land allocated for greenery and landscaping. The area of the 3 bedroom apartments ranges between 3240 sq. ft. to 3860 sq. ft. There are landscape and fountain adjusted in the lawn that helps in the embellishment of this magnanimous project. 

Peninsula Heights | Luxury Apartments | JP Nagar

Peninsula Heights

Peninsula Heights

Peninsula Heights in J.P.Nagar is a champion among other excess properties in Bangalore which is sure to stunningness a great deal of people who have a sharp eye for perfection. Peninsula Heights will have remarkable floor organize which is useful and marvelously suited for the diverse sizes of families who expect to stay here at this unselfish wander by the Piramal Group. The overall public used at Peninsula Heights are exploring each probability to make this wander into an emerge private progression, which will impact the occupants off their feet.

A flawless commorancy of significant living amidst the wealth of nature. Peninsula Heights will impact you to feel luxurious and impact your important loved ones to feel secure. Two towers with 16 and 20 stories each are sure to take your breath away and they will house a total of 140 units.

The size degrees from 3240 sqft to 6800 sqft and perceiving esteeming starting from 4.2Cr. Best designers from wherever all through the world will give their best to finish shocking results and an amazing living foundation.

An amazing advancement technique to make usage of room at Peninsula Heights to its most outrageous sum, Peninsula Heights will introduce –

• Clear 10 feet floor to rooftop stature

• Two level tempest basement ceasing

The sensibility that will be used at Peninsula Heights will impact one revere this errand to like no other. There will be a couple of other extraordinary solaces, for instance, - A water incorporate with a water divider inside the wander, RFID peruser for secured halting, indoor golf test framework, private lifts having exceptional stamp secured access to picked units and a bleeding edge prosperity club to calm those ragged out muscles of one's body. These features at Peninsula statures will make this errand a remarkable one with dazzling comforts to live like a dream.

Peninsula Heights in like manner has an interesting group of eco-pleasing structures – Gardens with hedges that exhaust inconsequential water, common waste treating the dirt for an exact waste organization, sun situated lighting for divider and sun based water warming system from clubhouses.

This undertaking will house best-in-class solaces like a swimming pool, forefront practice room, mind blowing flame broil extend, adolescents' play an area, a family structure, kid's pool, a warmed Jacuzzi and altogether more to impact you off your feet.

J.P. Nagar, an overall organized neighborhood area of the city is an excited range in the southern bit of Bangalore. Beside a broad assortment of open decisions, the region offers mind boggling points of interest of system, upgraded establishment, and openness of urban utilities. The boulevards are being broadened and the best in class Metro has catalyzed the realty improvement of the zone. Because of the extending people and the IT-driven change, an impressive measure of private choices are anticipated the domain.

System:

Outer Ring Road (500 m) | Electronic Flyover (4 km) | NICE Bangalore-Mysore Expressway (8 km)

Metro Stations: Banashankari | Putennahalli | Jayaprakash Nagar | Rashtreeya Vidyalaya Road | Jayanagar

Strip malls: Central Shopping Mall | Gopalan Promenade Mall | Royal Meenakshi Mall | The Forum Mall

Inside 5 km:

Schools: Nalanda English School | St. Engravings Public School | Carmel Convent Public School | Frank Public school | Vidyanikethan School

Recuperating focuses: Fortis Hospital | Cadabams Hospital | Sri Jayadeva Institute of Cardiovascular Sciences and Research

Associations: RV Dental College | Jain College | The Oxford College Of Business Management

About Developer

PENINSULA Land Limited, which is a bit of the Ashok Piramal Group, Mumbai, is an association centered around influencing overall purposes of intrigue that will to reevaluate India's viewpoint. They are among the essential land associations to be recorded on the stock exchange. Their assignments fuse purpose of intrigue private structures, world-class business endeavors and retail meanders. Two or three their memorable point reaches out in Mumbai are Ashok Towers, Ashok Gardens, Peninsula Corporate Park and Peninsula Business Park. In less than 10 years, Piramal Group has finished a total headway of more than 6.4 million sq. ft. of land and with more than 24 million sq. ft. a work in advance fundamentally in western and southern parts of India.

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Prestige Park Square Bangalore

The splendid architectonics in Prestige Park Square is being finished by utilizing the freshest advances and henceforth, is thought to be the most astonishing location introducing complete delight to every single inhabitant. The development of Prestige Park Square is broadly spread past wide sections of land of land. Prestige Park Square task is conveniently situated in Bannerghatta Road, Bangalore and appreciates vicinity to every single social office. Prestige Park Square Location is in Bannerghatta Road enables you to lead an existence all the more positively in the most fulfilled way seeing the most global level offices enabling you to feel changed from the delightful living.

Prestige Park Square

Prestige Group presents their new lodging venture Prestige Park Square arranged ideal on the Bannerghatta Road, Bangalore. Prestige Park Square Bangalore is section of land advancement by Prestige Group. Out of the aggregate land accessible for Prestige Park Square task is putting forth 2 Bedroom, 3 Bedroom and 4 Bedroom private spaces beginning from sq ft. Living arrangements here are created by Vaastu and deliver a legitimate wind stream on each floor of the building.

Prestige Group is an organization devoted to making worldwide milestones that reclassify India's horizon. Their undertakings incorporate historic point lodging edifices, world class business activities and retail wanders. Prestige Park Square venture is deliberately arranged in the top of the line private region of Bengaluru.

Prestige Group dispatches a choice gated private complex "Prestige Park Square Property". This undertaking is positively arranged in the excellent lodging district of Bengaluru. Prestige Park Square at Bannerghatta Road is extended crosswise over substantial sections of land with advantageous comforts. Prestige Park Square complex involves towers disregarding the amazement – moving vistas of elegant greens and waterscapes. Prestige Park Square has a variety of open 2, 3 and 4 Bedroom lofts. In the midst of a noiseless neighborhood, Prestige Park Square is just a couple of paces from schools, motion picture theaters, shopping centers, and different accommodations.

Pleasantries - Prestige Park Square

Child Friendly: Play Area

Availability: Intercom Broadband Internet

Group Amenities: Recreation Facilities, Garden, 24Hr Backup, Maintenance Staff, Club House, Cafeteria, Library, Community Hall, Security

Green Living: Rain Water Harvesting

Wellbeing and Fitness: Tennis Court, Swimming Pool, Badminton Court, Indoor Games, Basket Ball Court, Health Facilities, Gymnasium

Prestige Park Square Bannerghatta Road

Prestige Park Square comprises of 2 BHK, 3 BHK and 4 BHK Apartment and Prestige Park Square Floor Prices are jaw dropping,arranged at Bannerghatta Road, Bangalore with all extravagances. Every Luxury condo is pleasingly made with well laid out living spaces, five star deck and lighting, lavish outline medications and all implanted with the sentiment and warmth of normal Luxury home. Experience the well known bends and turns of engineering come living in Prestige Park Square.

Prestige Park Square Bangalore has conveyed to you a shocking chance to possess the best property on Bannerghatta Road, Bangalore in a superb group. Each edge of Prestige Park Square is a carefully composed space that is tuned in to world well known, the majority of this could be yours.

Prestige Park Square has top of the line ground surface and lighting, Scenery Gardens, High-security passage door with watch tower, Kid's Pool, Jacuzzi and Steam Room, Clubhouse with Gym and indoor recreations, Swimming Pool, Fountain with sit-outs Versatile, Library, Badminton Court Jogger's Track, Amphitheater, and Walkway, Open-air Cafeteria.

Around Prestige Group:

Prestige Builders since having an exceptionally perceived name in the building business is paying special mind to the accompanying representatives with the correct capabilities to take us to the following level of fineness and development. Prestige has dependably put stock in advancement and imagination in the majority of their achievements. Prestige continues their great legacy now by offering you a broad group of tasks. Innovation is clear in all of Prestige enterprises. Appropriate from the Entrance to the lifts to development, Prestige is a gave affiliation.

Prestige Park Square resembles a desert spring of peace in the core of the city. It is intended to make each flat a safe house of security. At Prestige Park Square a clubhouse that is all around named with relaxation pleasantries rounds things off to flawlessness. This improvement has the perfect measure of room you require, every one of the extravagances your way of life requests, while as yet situating you near the downtown area. Prestige Park Square undertaking will be a first class private improvement from the Prestige developers and are extremely quick to make this task a land check advancement in Bangalore.

Prestige Park Square, stunningly organized residences intended for the individuals who walk to an alternate drumbeat and trust that bliss is never compromising. Set in culminate sections of land in the quick creating heart of South Bangalore at Bannerghatta Road, Prestige Park Square is found near significant schools, universities, healing centers and shopping centers, ensuring that your regular daily existence is convenient and bother free. Not only that, the improvement is inside quick reach of real transport centers. Prestige Park Square is completely outfitted with all that you have to keep you and your family engaged, its sprawling Clubhouse and recreational comforts incorporate a Library, Mini Theater, Crèche, Health Club, Swimming Pool, Kids' Pool, Tennis Court, Outdoor Party Area, Gym, 2 Badminton Courts, Banquet Hall, Table Tennis, 2 Squash Courts, Snooker, Other Indoor Games, Kids' Play Area, and arrangement for a Convenience Store. All these are finely arranged and splendidly laid out flats that arrive in a scope of sizes and designs, from 2 room as far as possible up to 4 rooms, with the goal that you can pick the home that best suits your necessities. In this way, proceed and put resources into a unit at Prestige Park Square.

Blog Referral : Prestige Park Square Bannerghatta

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Prestige Park Square Contact 8296889275

Luxury Apartments in Bangalore

Luxury Apartments in Bangalore

Peninsula Heights

Peninsula Heights is a luxury residential development coming up at J.P.Nagar in South Bangalore. Peninsula Heights is a pinnacle of luxury properties in South Bangalore. With the optimum usage of resources and tons of experience behind their backs to achieve phenomenal results, this project will revolutionize the idea of up-market living. With the unmatchable quality of life to lead here at Peninsula Heights, this project will usher fantastic living conditions for all its residents. The exclusive apartments will be the best in class personal abode.

Peninsula Heights offers a range of palatial sized 3BHK, 4BHK and 5BHK apartments as well as duplexes, all filled with unprecedented levels of high living. It will give you a chance to experience what heaven on earth really would transpire to be like.
 

A home is where the heart is. Perfectly architectured for a nuclear family - this 3240 Sqft. unit consists of 3 spacious bedrooms wherein the master bedroom comes with a sit-out. The unit comes along with a couple of family spaces too where the living/dining space introduces you to a balcony which offers a view of the breathtaking lush green landscape. The variants of 3690 and 3858 Sqft. of 3BHK unit comes along with the same configuration as the latter but with the addition of a private lift which opens up to the foyer of your own abode. The largest 3BHK unit comes along with an additional breakfast/bar space for all those jolly get-togethers, giving a touch of finesse.

Another work of masterpiece is the 4BHK variant spanning over 4920 Sqft. with a state of the art water feature in the balcony which is attached to the living/dining space. This variant of the ultra-luxurious unit also houses a private lift, giving entry to one’s own cocoon.

Peninsula Heights also has a whopping 6640 Sqft. 5 BHK duplex unit for the families who wish to bring in their entire world of happiness under one roof. Apart from the 5 ultra-luxurious bedrooms, this lifestyle of indulgence comes with a private lift, a study and a family room. The living /dining space apart from hosting a breakfast/bar space is attached to the balcony which opens to a water entity.

The main USPs of Peninsula Heights are –

•             A water feature with a water wall

•             RFID reader for secured parking

•             Indoor golf simulator

•             Private elevators having fingerprint secured access to selected units.  

•             State of the art Health Club

Peninsula Heights which is among the premium Apartments in Bangalore will house best-in-class amenities like a swimming pool, state-of-the-art gymnasium, splendid barbeque area, children’s play area, a family pavilion, kid’s pool, a heated Jacuzzi and a lot more to sway you off your feet.

Peninsula Heights also has an interesting array of eco-friendly systems –

•             Gardens with shrubs that consume minimal water.

•             Organic waste composting for a systematic waste management.

•             Solar lighting for fences and solar water heating system from clubhouses.

The party hall has its opening towards the swimming pool and the barbeque area, thus accessing it from the inner side will never pose a problem. With 2 levels of massive underground parking, even your car will have a safe roof over its head. The senior citizens are sure to enjoy a field day at the designated senior citizen area, after all, they have lived a life with numerous instances to cherish about and share their stories. The green track on top of the tower is sure to give each and every person a dose of nature’s sanctity.  

This project is definitely the next big thing to happen in the realty-sector in this region of thee megacity. The possession of the project will be somewhere in 2018.

Contact : 081471 84140

Luxury Apartments in Bangalore

Peninsula Heights – A home in God's own lap

Peninsula Heights Bangalore

Ashok Piramal Group familiarizes you with a pièce de résistance that will join a few optimistic universes into a reliable blend.

Welcome to Peninsula Heights a Luxury Apartments in Bangalore. A great commorancy of ardent living amidst the abundance of nature. Peninsula Heights will impact you to feel rich and impact your profitable loved ones to feel secure. Two towers with 16 and 20 stories each are sure to take your breath away.

Peninsula Heights offers an extent of palatial evaluated 3BHK, 4BHK and 5BHK pads and furthermore duplexes, all stacked with exceptional levels of high living. It will enable you to experience what heaven on earth really would happen to look like.

A house is the place the heart is. Radiantly architectured for a nuclear family - this 3240 Sqft. unit includes 3 broad rooms wherein the pro bed goes with a sit-out. The unit joins a few family spaces also where the living/devouring space familiarizes you with a shade which offers a viewpoint of the shocking rich green scene. The varieties of 3690 and 3858 Sqft. of 3BHK unit joins an undefined plan from the last said however with the extension of a private lift which opens up to the lobby of your own home. The greatest 3BHK unit joins an additional breakfast/bar space for every single one of those merry gatherings, giving a touch of guilefulness.

Another work of diamond is the 4BHK variety crossing more than 4920 Sqft. with a best in class water feature in the display which is joined to the living/devouring space. This variety of the ultra-lavish unit furthermore houses a private lift, offering section to one's own specific case.

Peninsula Heights also has a surprising 6640 Sqft. 5 BHK duplex unit for the families who wish to get their entire universe of fulfillment under one housetop. Beside the 5 ultra-rich rooms, along these lines of life of magnanimity goes with a private lift, an examination and a family room. The living/devouring space isolated from encouraging a breakfast/bar space is annexed to the display which opens to a water substance.

This endeavor will house best-in-class extravagances like a swimming pool, best in class practice room, astonishing flame broil go, youths' play zone, a family structure, tyke's pool, a warmed Jacuzzi and essentially more to impact you off your feet.

Peninsula Heights Location :

The essential USPs of Peninsula Heights are –

• A water feature with a water divider

• RFID peruser for secured ceasing

• Indoor golf test framework

• Private lifts having special finger impression secured access to picked units.

• State of the craftsmanship Health Club

Peninsula Heights in like manner has a charming bunch of eco-obliging structures –

• Gardens with hedges that eat up immaterial water.

• Organic misuse treating the dirt for an exact waste organization.

• Solar lighting for divider and daylight based water warming system from clubhouses.

The social event passage has its opening towards the swimming pool and the flame broil go, thus getting to it from the internal side will never speak to an issue. With 2 levels of gigantic underground ceasing, even your auto will have an ensured housetop over its head. The senior nationals are sure to value a field day at the doled out senior occupant zone, everything considered, they have gone ahead with a presence with different cases to an incentive about and share their stories. The green track over the apex is sure to give each and every individual an estimation of nature's blessedness.

At Peninsula Heights, you will feel it is more than a home yet an asylum of generosity in the arms of the unblemished nature. Inhabitants will find the opportunity to experience what an ardent living in the present day would take after. Peninsula Heights is sure to give you a vibe of forever and a splendid space to regard each and every depiction of life. It will be a home in God's own specific lap of indulgence.

Peninsula Heights Contact : 8296889275