How Rich People Buys House #shorts #aliabhatt #rich #realestate

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How Rich People Buys House #shorts #aliabhatt #rich #realestate

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569 Views • Apr 28, 2023 • Click to toggle off description

Recently, Alia Bhatt bought a 2,500 square feet apartment in Pali Hill, Bandra for ₹37.80 crore. She had to pay a 6% stamp duty of ₹2.26 crore on the property, although in Maharashtra, female property buyers are given a 1% discount on stamp duty. Alia purchased the property without availing the discount and through her company, Eternal Sunshine Productions. This was because she falls under the 30% income tax bracket, while the company only has to pay 25% tax.

If there is a lawsuit filed on this property in the future, it will not affect Alia's home, car, or bank account. Additionally, if she sells the property and gains up to ₹10 crore, she can reinvest it in another property without any deduction. Furthermore, a company can claim a tax exemption by showing mortgage interest on a property without any restrictions.

This is why high net worth individuals like Alia always create a company for real estate investments. Don't forget to share this information with your real estate friends.

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Genre: Education
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Uploaded At Apr 28, 2023 ^^

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RYD date created : 2023-04-28T11:08:56.442273Z
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