Real Estate Listings

Posts Tagged ‘residence’

This is a dream house in Beverly hills built up to the best standard in Egypt. Designed by the American architect Mr. Peter Antone and built by Evergreen Urban Development Egypt. Main house is 3 floors, Ground and first are one villa (main villa) while the second floor is an apartment that is accessed either through the main villa or through a separate stair case and elevator which gives privacy and independence. There is also a seperate villa in the garden next to the swimming pool ( Pool house) that can be accessed through the garden but also has a separate entrance and garage. Land area is 1800 SQ meter and the built area is around 900 Sq meters. 7bedrooms, 9 bathrooms, 3 kitchens and 2 main Gates. Walls are insulated ( 45 cm thickness with foam layer in the middle). 19 Air condition units with special arrangement for the compressors and drainage of condensed water. 3 telephone lines with special numbers ending with 777, 888, and 999. The owner has his own contracting company in case the buyer will want any modifications done.

If one sells a primary residence, at what age is he exempt from paying income tax on the proceeds. If he buys another house, does he or she have to invest all of the proceedsof the first house in the new house. Is this a one time thing
the exemption from income tax on the sale of the home and at what age does this exemption take place.