High Net Worth are purchasing Florida Luxury Real Estate for Tax Benefits
No matter what the cycle is in, the basic tenets of real estate remain unchanged; consumers make their money in the buy. When purchasing real estate in Naples, Florida to establish residency, there is a residual financial benefit tax savings in the form of no state income tax. Add to that, moving a business to southwest Florida and enjoy other financial benefits such as impact fee abatement programs, tax incentives for job creation and rebate incentives to move to Collier County Florida.
Simply put the State of Florida, Collier County and the City of Naples all want you to move here. They also want you to move your business here because business is booming in Florida. Benefits of moving a business to Florida include lower operational expenses when compared to many northern metropolitan areas and low corporate tax rates which can be as high as 14% in New York or Chicago, for example. Businesses thrive in Florida’s low-tax environment and employees enjoy the benefit of no personal income tax.
Here are some great resources if you’re just beginning the research for moving to Naples Florida for the luxury lifestyle with the bonus of added tax benefits highlighting no state income tax:
If you have found this article informative and have benefited from Bauer International Group expertise, please forward this article with our link to your friends and recommend contacting Vito Bauer directly at 239.777.7080 with any real estate needs in beautiful Naples Florida.
Vito Bauer – Principal Realtor “Trusted Source for Fine Homes in Southwest Florida”
Cell: 239.777.7080, email: Vito.Bauer@BauerInternationalGroup.com
** All information provided at BauerInternationalGroup.com is for information purposes only. You should always consult with a competent financial planner, insurance broker and legal professional licensed in your state and the state of Florida with respect to your particular situation before making any decision that involves your finances and/or real estate investment and ownership.
BAUER INTERNATIONAL GROUP – YOUR LUXURY HOME NAPLES FLORIDA DESTINATION
CALL VITO FOR PRIVATE, CONFIDENTIAL AND FREE REAL ESTATE CONSULTATION
Cell: (239) 777-7080