Bank regulators issue credit risk guidance for unauthorized workers
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Families could face £120,000 tax bill when inheriting homes – Mortgage Finance Gazette
Families inheriting property could face Capital Gains Tax (CGT) bills of almost £120,000 under potential reforms being discussed by policymakers, according to analysis from Rathbones. The firm’s calculations suggest that abolishing the long-standing CGT uplift on death would leave beneficiaries paying tax on gains accumulated during a relative’s lifetime when they eventually sell an inherited…
The Biggest Social Security Claiming Mistake Isn’t What You Think
Deciding when to claim Social Security benefits is one of the most important retirement decisions you might ever make. After all, that choice could have a direct impact on your monthly retirement income for life. The earliest age you can sign up for Social Security is 62. If you want your monthly benefits without a…
Bank of Ireland launches JBSP for remortgages – Mortgage Finance Gazette
Bank of Ireland has launched Joint Borrower Sole Proprietor (JBSP) options for remortgage customers. The lender has made the change to allow borrowers to use JBSP to help fund renovations or refinance following changes in family circumstances such as separation or divorce. In order to access the JBSP products, borrowers will need to meet a number of…
Inflation slowed to 3.5% in June, giving Fed breathing room
An employee bags a customer’s purchases at a Kroger Co. store in Peoria, Illinois, U.S., on Tuesday, June 16, 2015. Kroger Co. is expected to release quarterly earnings on June 18. Photographer: Daniel Acker/BloombergDaniel Acker/Bloomberg Processing Content Key insight: Headline CPI inflation was 3.5% in June, slower than the 4.2% growth tracked in May. Core…
New York Top Real Estate Deals: Monday, July 13
🏆Residential: The most expensive recorded home sale was in Nomad, where a condo at JD Carlisle Development and Fosun International’s 15 East 30th Street, known as Madison House, sold for $11.4 million. The buyer was Madison 59A LLC. The unit spans about 3,400 square feet and has four bedrooms and four and a half bathrooms….
Stockbridge Sells Fully Leased NoVA Industrial Park for $132M – Commercial Observer
TA Realty has expanded its industrial footprint with the $132 million acquisition of a fully leased, 734,606-square-foot warehouse portfolio in Northern Virginia. The Boston-based investor acquired the 13-building business park named Featherstone Industrial Park from a joint venture between Rosenthal Properties and Stockbridge. The sale price is almost 27 percent more than what the sellers…
