Florida is attractive to residents living in higher tax locales, as one of only seven states without an income tax or state level estate/inheritance tax. However, establishing Florida domicile is no longer a simple process, as more aggressive tax collection by other states has raised the bar on what steps are required to truly relocate to the Sunshine State. …
Is it the right time to buy during the pandemic?
To say COVID-19 has impacted the market is an understatement but the big question may be Is buying a home in the wake of the COVID-19 pandemic a good idea?
CARES Act for Individuals
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), became law on Friday, March 27, 2020.
CARES Act for Businesses
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law.
Peter Skokos named to The Gulf Coast CEO Forum board of directors.
The Gulf Coast CEO Forum has named attorney Peter Skokos to its 2020 board of directors. Peter will be representings developers and landowners in connection with the acquisition, development, leasing and sale of commercial, industrial, condominium and residential properties. He will also represent national, regional and local lenders in preparing loan documentation and closing commercial and residential loan transactions, as …
CEO group names attorney to board of directors
The Gulf Coast CEO Forum named attorney Pete Skokos to its 2020 board of directors. Skokos is a partner at Norton, Hammersley, Lopez and Skokos, where he specializes in real estate, banking and business transactions, according to a press release.
Twelve Days of Christmas supporting these great Sarasota charities
As the build up to Christmas continues Norton Hammersley would like to highlight 12 of our favorite local charities and non-profit organizations that we have donated to 1 Boys & Girls Clubs of Sarasota County The Boys & Girls Club of Sarasota’s mission is to enable all young people, especially those who need us most, to reach their full potential …
ESTABLISHING FLORIDA DOMICILE FOR INCOME AND ESTATE TAX PLANNING—NOT SO SIMPLE
Changes to the federal income tax law that limit deductions on state and local taxes have fueled a mini real estate boom in Florida, particularly for higher-end properties. Florida is attractive to residents from higher tax locales because it is one of only seven states that have no income tax, and it also has no estate or inheritance taxes. However, …
Sarasota Luxury Sales Booming
The ultra-luxury home sale market is booming, according to a report from Sarasota Real Estate Broker Michael Saunders & Company president Drayton Saunders. But just how hot is it? A basement price point of $5 million defines the ultra-luxury market. Mere luxury starts at $3 million, though some quarters drop that figure to a pedestrian $1 million. During the first …
Buying a home in Sarasota is cheaper than renting, study finds
Buying a home in Sarasota is cheaper than any other city in America according to a report from online rental marketplace Apartment List. — that is, if the only alternative is renting. The decision to buy a home or rent is a hotly debated topic—both a personal and a financial decision. On the financial side, however, buying in Sarasota is …