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Friday, May 18 • 5:15pm - 6:15pm
211-Tax Implications of Tiny House Ownership

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Anne Duke - Americans recently have become fascinated with tiny house (TH) ownership. One reason for this fascination is the expectation that TH ownership will increase long-term wealth. The assumption is that funds saved by the lower cost of TH ownership will be invested for increased future wealth whether it be measured in happiness or dollars. Increased financial saving because of TH ownership might result from lower principal payments, lower interest payments, lower property tax, lower homeowner's insurance, lower cost of utilities, lower relocation cost, reduced cost of accumulation of belongings, and lower maintenance cost. However, these lower costs are negated by increased income taxation due to decreased home interest and property tax deductions, and any other cost increase (consumption) that would not have occurred if funds were being utilized for traditional housing costs._x000D_

Presenters
AC

Anne C Duke

MCCB Associate Dean of Faculty and Graduate Programs, University of North Georgia


Friday May 18, 2018 5:15pm - 6:15pm
Island 1