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Capital One: Credit Cards, Auto Finance, Loans, and Savings Accounts Credit Cards Auto Loans Savings Home Loans Healthcare Finance Personal Loans Insurance Small Business Credit Cards Rewards Account Auto Savings Line of Credit Contact Us Help Site Map Credit Cards Auto Loans Savings Home Loans Healthcare Finance Personal Loans Insurance Small Business Credit Cards No Hassle Miles Cards Other Rewards Products Auto Savings Line of Credit New? Register here Login Requirements • Beware of fraudulent e-mails • Capital One Bowl and Mascot Challenge Credit Cards Mail Offers Personal Small Business Auto Loans and Insurance New/Used Refinance Insurance Savings High Yield Savings CDs Money Markets Home Loans Home Equity Refinance Purchase Small Business Credit Cards Loans Line of Credit Other Loans Personal Loans Healthcare Finance Auto Loans Blank Check ® auto loans Rates as low as 5.39% No money down Learn More Auto Loans as low as 5.39% APR 30-36 Mo What’s my mortgage payment? Loan Amount: $ Interest Rate: % Loan Term: 30 20 15 Years Other Calculators About Capital One | Investors | Press | Careers | Education | Capital One does not provide, endorse, nor guarantee and is not liable for third party products, services, educational tools, or other information available through this site. Read additional disclosures . Site Map | Privacy | Security | Terms and Conditions Capital One Bank, Capital One, F.S.B., members FDIC. ©2005 Capital One Services, Inc. Capital One is a federally registered service mark. All rights reserved. Blank Check ® is a registered trademark of Capital One Services, Inc. Equal Housing Lender Credit Cards | Auto Loans | Savings | Home Loans | Insurance | Healthcare Finance | Personal Loans | Small Business

House Rent

Frisco house-Rent (3000sf) on EkNazar Hartford Classifieds Home » Hartford » Classifieds ¤ Home ¤ Events ¤ Articles ¤ Classifieds ¤ Yellow Pages ¤ Forums ¤ About Us ¤ Search ¤ My Account ¤ Classifieds Home View All Classifieds Search Classifieds Browse By Category View Gallery Browse by City Atlanta Austin Baton Rouge Bay Area Boston Cincinnati Charlotte Chicago Cleveland Colorado Springs Columbus Dallas Denver Detroit Hartford Houston Indianapolis Kansas City Las Vegas Los Angeles Memphis Miami Milwaukee Minneapolis New Jersey New Orleans New York Oklahoma City Orlando Pittsburgh Philadelphia Phoenix Portland Raleigh Richmond Saint Louis San Antonio San Diego Seattle Tampa Tulsa Washington Member Options Post a Classified Login FAQ/Help Home All Categories Real Estate Frisco house-Rent (3000sf) Location: Frisco-Texas Posted: 19 Dec 2005 05:20 pm 5 BR, over-sized yard, game room, 3 baths, 2 car garage home in Frisco (Texas) for rent. Built in 2000. Very well maintained. Extremely quiet neighborhood. 3 miles from Stonebriar mall, soccer stadium, ball park and all major amenities. Blue ribbon nominated (for 2006-07) Smith Elementary school. Asking $1750 per month only. Contact Details Name : Rajan Aggarwal Phone : 214-264-3077 Send Email to user regarding this Ad. Featured Ads Land plots at hyderabad Frisco house-Rent... Sell your Car ! Sell your Furniture and more... Post a FREE Ad !! ¤ Home ¤ Events ¤ Articles ¤ Classifieds ¤ Discussions ¤ Contests ¤ Site map ¤ Search ¤ Disclaimer ¤ Contact Us ¤ About Us ¤ Advertise ¤ ©2000-2006. All rights reserved ekNazar.com

real estate investment as

Real Estate Investors Club, Los Angeles, California, LA Free Newsletter & Timely Tips on Real Estate Investing Email: more info We value your privacy and never give out your information Home About Us Membership Events Educational Tools Interesting Sites Free Stuff Investing 101 Advertise with Us Sell Your House Fast! Calendar Message Boards Recommended Vendors Contact Us Do You Want to Be Financially Free? The only way you will ever achieve true and lasting financial independence is with the ultimate source of money: Real Estate! No other vehicle has consistently helped investors make money - especially California Real Estate. Take control of your future. You too can make money in real estate - lots of it - and in all kinds of markets. We are experts on real estate market conditions in Southern California, from Palmdale and up into Ventura County to Long Beach and outward to the Inland Empire. Dont reinvent the wheel. If you are committed to using real estate investment as a vehicle to create both short and long-term financial security for you and your family, you need to find out what how other successful people have done it and just copy their strategies. You dont need money or credit. What you do need is desire, education, and a real estate team. The Real Estate Investors Club of Los Angeles will help you form that team. You need to know a cooperative hard moneylender, a mortgage broker, a title company, an escrow company, a realtor, a birddog, an appraiser, a real estate attorney, and people you can go to for mentoring. Reic of LA holds monthly networking meetings along with periodic real estate educational seminars. Our meetings include local as well as national speakers such as Bruce Norris, Ron LeGrand, Jeff Kaller, Robyn Thompson, Bill Bronchick, David Finkel and Peter Conti. Make a commitment to achieving a financial quantum leap. Join us at meetings and sign up for our newsletter to get timely real estate information about the real estate market in Los Angeles and Southern California that you wont get anywhere else. We cover money making topics such as: Getting started Finding money Qualifying buyers Buying and Selling paper Asset Protection No Money Down Creative Financing Saving Taxes Landlording Mobile Homes Rehabbing 1031 Exchanges Working with brokers Lease/Options Foreclosures Whether you are an investor, broker, mortgage lender, contractor or landlord, you are welcome to join our association if creating wealth using real estate is your goal. Monthly Meeting Tuesday, January 10 th Speaker: Robert Campbell Campbell Marketing Timing Newsletter Topic: Real Estate Bubble: Time Bomb or Dud for more info click here Investing Outside of California? Check out our Out of State Expo Click Here for More Info Bruce Norris California Downturn Click Here MONTHLY MEETINGS Meetings are held on the 2nd Tuesday of each month at 7:30 PM at The Crown Plaza - LAX Hotel, 5985 W. Century Blvd., Los Angeles, CA. The $25 admission fee for non members includes an expert speaker each month, refreshments and great networking! << Next Meeting's Speaker Individuals with allied professions are invited to network with us. Click Here to join our mailing list so we can keep you posted on upcoming events. For Information on How to Advertise on this Site, Email dina@realestateclubla.com or call 310-793-7069. Any product you purchase through REIC of LA has a 30 day money back guarantee. We are a secure site. We NEVER sell or give your information to anyone. Home Newsletter & Tips Calendar Next Meeting Membership Contact Us ©2005 The Real Estate Investor's Club | CP | WebMail Created by EMA

Home Mortgage Points The

Tax Topics - Topic 504 Home Mortgage Points Home | Contact IRS | About IRS | Site Map | Español | Help Advanced Search Search Tips IRS Resources Compliance & Enforcement Contact My Local Office e-file Forms and Publications Frequently Asked Questions News Taxpayer Advocacy Where To File Topic 504 - Home Mortgage Points The term "points" is used to describe certain charges paid to obtain a home mortgage. Points may be deductible as home mortgage interest, if you itemize deductions on Form 1040, Schedule A (PDF). If you can deduct all of the interest on your mortgages, you may be able to deduct all of the points paid on the mortgage. For information on deducting interest, refer to Topic 505 . You can deduct the points in full in the year they are paid, if all the following requirements are met: Your loan is secured by your main home (your main home is the one you live in most of the time). Paying points is an established business practice in your area. The points paid were not more than the amount generally charged in that area. You use the cash method of accounting. This means you report income in the year you receive it and deduct expenses in the year you pay them. The points were not paid for items that usually are separately stated on the settlement sheet such as appraisal fees, inspection fees, title fees, attorney fees, or property taxes. You provided funds at or before closing, that were at least as much as the points charged, not counting points paid by the seller. You cannot have borrowed the funds from your lender or mortgage broker in order to pay the points. You use your loan to buy or build your main home. The points were computed as a percentage of the principal amount of the mortgage, and The amount is clearly shown on your settlement statement. Points that do not meet these requirements may be deductible over the life of the loan. Points paid for refinancing generally can only be deducted over the life of the new mortgage. However, if you use part of the refinanced mortgage proceeds to improve your main home and you meet the first six requirements stated previously, you can fully deduct the part of the points related to the improvement in the year you paid them with your own funds. Points charged for specific services, such as preparation costs for a mortgage note, appraisal fees or notary fees are not interest and cannot be deducted. Points paid by the seller of a home cannot be deducted as interest on the seller's return, they are a selling expense which will reduce the amount of gain realized. Points paid by the seller may be deducted by the buyer provided the buyer subtracts the amount from the basis, or cost, of the residence. Points you pay on loans secured by your second home, can be deducted only over the life of the loan. You may be subject to a limit on some of your itemized deductions, including points, for more information on the adjusted gross income limitations please refer to the Form 1040 Instructions. For more information on points, refer to Publication 936 , Home Mortgage Interest Deduction. More Tax Topic Categories Accessibility | FirstGov.gov | Freedom of Information Act | Important Links | IRS Privacy Policy | U.S. Treasury

INVESTMENT PROPERTY HISTORY OF

IAS Plus International Accounting Standards IAS 40, Investment Property Home Site Map Standards Interpretations Agenda Structure Newsletter Resources Countries/Regions Links Search STANDARDS: IAS 40 INVESTMENT PROPERTY HISTORY OF IAS 40 October 1984 Exposure Draft E26 Accounting for Investments March 1986 IAS 25 Accounting for Investments 1 January 1987 Effective Date of IAS 25 December 1999 Exposure Draft E64 Investment Property April 2000 IAS 40 Investment Property superseded those portions of IAS 25 that addressed investment property and withdrew IAS 25 1 January 2001 Effective Date of IAS 40 (2000) 18 December 2003 Revised version of IAS 40 issued by the IASB The summary below reflects the revisions. 1 January 2005 Effective date of IAS 40 (Revised 2003) RELATED INTERPRETATIONS Issues Relating to This Standard that IFRIC Did Not Add to Its Agenda SUMMARY OF IAS 40 Definition of Investment Property Investment property is property (land or a building or part of a building or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both. [IAS 40.5] Examples of investment property: [IAS 40.8] Land held for long-term capital appreciation Land held for undecided future use Building leased out under an operating lease Vacant building held to be leased out under an operating lease The following are not investment property and, therefore, are outside the scope of IAS 40: [IAS 40.5 and 40.9] property held for use in the production or supply of goods or services or for administrative purposes; property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories); property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts); owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal; property that is being constructed of developed for use as an investment property (IAS 16 applies to such property until construction or development is complete). However, IAS 40 does apply to existing investment property that is being redeveloped for continuing use as investment property; and property leased to another entity under an finance lease. Other Classification Issues Property held under an operating lease. A property interest that is held by a lessee under an operating lease may be classified and accounted for as investment property provided that: [IAS 40.6] the rest of the definition of investment property is met; the operating lease is accounted for as if it were a finance lease in accordance with IAS 17 Leases; and the lessee uses the fair value model set out in this Standard for the asset recognised. An entity may make the foregoing classification on a property-by-property basis. Partial own use. If the owner uses part of the property for its own use, and part to earn rentals or for capital appreciation, and the portions can be sold or leased out separately, they are accounted for separately. Therefore the part that is rented out is investment property. If the portions cannot be sold or leased out separately, the property is investment property only if the owner-occupied portion is insignificant. [IAS 40.10] Ancillary services. If the enterprise provides ancillary services to the occupants of a property held by the enterprise, the appropriateness of classification as investment property is determined by the significance of the services provided. If those services are a relatively insignificant component of the arrangement as a whole (for instance, the building owner supplies security and maintenance services to the lessees), then the enterprise may treat the property as investment property. Where the services provided are more significant (such as in the case of an owner-managed hotel), the property should be classified as owner-occupied. [IAS 40.11] Intracompany rentals. Property rented to a parent, subsidiary, or fellow subsidiary is not investment property in consolidated financial statements that include both the lessor and the lessee, because the property is owner-occupied from the perspective of the group. However, such property could qualify as investment property in the separate financial statements of the lessor, if the definition of investment property is otherwise met. [IAS 40.15] Recognition Investment property should be recognised as an asset when it is probable that the future economic benefits that are associated with the property will flow to the enterprise, and the cost of the property can be reliably measured. [IAS 40.16] Initial measurement Investment property is initially measured at cost, including transaction costs. Such cost should not include start-up costs, abnormal waste, or initial operating losses incurred before the investment property achieves the planned level of occupancy. [IAS 40.20 and 40.23] Measurement subsequent to initial recognition IAS 40 permits enterprises to choose between: [IAS 40.30] a fair value model; and a cost model. One method must be adopted for all of an entity's investment property. Change is permitted only if this results in a more appropriate presentation. IAS 40 notes that this is highly unlikely for a change from a fair value model to a cost model. Fair value model Investment property is remeasured at fair value, which is the amount for which the property could be exchanged between knowledgeable, willing parties in an arm's length transaction. Gains or losses arising from changes in the fair value of investment property must be included in net profit or loss for the period in which it arises. [IAS 40.35] Fair value should reflect the actual market state and circumstances as of the balance sheet date. [IAS 40.38] The best evidence of fair value is normally given by current prices on an active market for similar property in the same location and condition and subject to similar lease and other contracts. [IAS 40.45] In the absence of such information, the entitymay consider current prices for properties of a different nature or subject to different conditions, recent prices on less active markets with adjustments to reflect changes in economic conditions, and discounted cash flow projections based on reliable estimates of future cash flows. [IAS 40.46] There is a rebuttable presumption that the enterprise will be able to determine the fair value of an investment property reliably on a continuing basis. However, if, in exceptional circumstances, an entity follows the fair value model but at acquisition concludes that a property's fair value is not expected to be reliably measurable on a continuing basis, the property is accounted for in accordance with the benchmark treatment under IAS 16 , Property, Plant and Equipment (cost less accumulated depreciation less accumulated impairment losses). [IAS 40.53] Where a property has previously been measured at fair value, it should continue to be measured at fair value until disposal, even if comparable market transactions become less frequent or market prices become less readily available. [IAS 40.55] Cost Model After initial recognition, investment property is accounted for in accordance with the cost model as set out in IAS 16 , Property, Plant and Equipment – cost less accumulated depreciation and less accumulated impairment losses. [IAS 40.56] Transfers to or from Investment Property Classification Transfers to, or from, investment property should only be made when there is a change in use, evidenced by: [IAS 40.57] commencement of owner-occupation (transfer from investment property to owner-occupied property); commencement of development with a view to sale (transfer from investment property to inventories); end of owner-occupation (transfer from owner-occupied property to investment property); commencement of an operating lease to another party (transfer from inventories to investment property); or end of construction or development (transfer from property in the course of construction/development to investment property. When an enterprise decides to sell an investment property without development, the property is not reclassified as investment property but is dealt with as investment property until it is disposed of. The following rules apply for accounting for transfers between categories: for a transfer from investment property carried at fair value to owner-occupied property or inventories, the fair value at the change of use is the 'cost' of the property under its new classification; [IAS 40.60] for a transfer from owner-occupied property to investment property carried at fair value, IAS 16 should be applied up to the date of reclassification. Any difference arising between the carrying amount under IAS 16 at that date and the fair value is dealt with as a revaluation under IAS 16; [IAS 40.61] for a transfer from inventories to investment property at fair value, any difference between the fair value at the date of transfer and it previous carrying amount should be recognised in net profit or loss for the period; [IAS 40.63] and when an entity completes construction/development of an investment property that will be carried at fair value, any difference between the fair value at the date of transfer and the previous carrying amount should be recognised in net profit or loss for the period. [IAS 40.65] When an entity uses the cost model for investment property, transfers between categories do not change the carrying amount of the property transferred, and they do not change the cost of the property for measurement or disclosure purposes. Disposal An investment property should be derecognised on disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal. The gain or loss on disposal should be calculated as the difference between the net disposal proceeds and the carrying amount of the asset and should be recognised as income or expense in the income statement. [IAS 40.66 and 40.69] Compensation from third parties is recognised when it becomes receivable. [IAS 40.72] Disclosure Both Fair Value Model and Cost Model [IAS 40.75] whether the fair value or the cost model is used; if the fair value model is used, whether property interests held under operating leases are classified and accounted for as investment property; if classification is difficult, the criteria to distinguish investment property from owner-occupied property and from property held for sale. the methods and significant assumptions applied in determining the fair value of investment property. the extent to which the fair value of investment property is based on a valuation by a qualified independent valuer; if there has been no such valuation, that fact must be disclosed. the amounts recognised in profit or loss for: rental income from investment property; direct operating expenses (including repairs and maintenance) arising from investment property that generated rental income during the period; and direct operating expenses (including repairs and maintenance) arising from investment property that did not generate rental income during the period. restrictions on the realisability of investment property or the remittance of income and proceeds of disposal. contractual obligations to purchase, construct, or develop investment property or for repairs, maintenance or enhancements. Additional Disclosures for the Fair Value Model [IAS 40.76] a reconciliation between the carrying amounts of investment property at the beginning and end of the period, showing additions, disposals, fair value adjustments, net foreign exchange differences, transfers to and from inventories and owner-occupied property, and other changes. significant adjustments to an outside valuation (if any) if an entity that otherwise uses the fair value model measures an item of investment property using the cost model, certain additional disclosures are required. Additional Disclosures for the Cost Model [IAS 40.79] the depreciation methods used; the useful lives or the depreciation rates used; the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses) at the beginning and end of the period; a reconciliation of the carrying amount of investment property at the beginning and end of the period, showing additions, disposals, depreciation, impairment recognised or reversed, foreign exchange differences, transfers to and from inventories and owner-occupied property, and other changes; the fair value of investment property. If the fair value of an item of investment property cannot be measured reliably, additional disclosures are required, including, if possible, the range of estimates within which fair value is highly likely to lie.