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Welcome > Agent Info > Testimonials ...

My First Clients:

"It was a pleasure for Kay and I to have Edward as our Realtor. We'd hire him again!"

(Home sold in 34 days!)

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Tax Considerations >Capital Gains Exemptions

Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.

Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.

A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.

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Q	Whose mansion sold for about $2 million after just one day on the market?
A	Soon after the death of George Burns his home was put on the market; the home sold in 24 hours.
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Edward W. Lui, REALTOR®, real estate agent and broker for Austin, Georgetown and Round Rock, Texas home listings, property and land for sale - NUMBER1EXPERT

Edward W. Lui
Mars Hill Realty Group
125 Village Park Dr.
Georgetown, TX 78633
512-554-9594
Fax: 815-346-5180
edwardlui@NUMBER1EXPERT.com
I am a Certified Negotiation Expert that will leverage my expertise and real estate knowledge for my clients. Call me today if you want full-service representation when buying or selling your home! I work in the Greater Austin, Texas market which includes: Pflugerville, Cedar Park, Leander, Liberty Hill, Hutto, Round Rock and Georgetown.

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