Highlands vacation homes have tax benefits. You can rent your home for 14 days, or fewer, a year and keep every penny. That’s right, renting for a short time, whether two weeks at once or broken up into short stays can give you tax-free income. If you are not using your Highlands NC vacation home this could be a great way to recoup some of the costs associated with running it.
Another tax benefit is when it comes time to sell your Highlands NC home. While your home may be a second home you could consider using it as your full time residence for a two year period before selling it. This would enable you to have a portion of your profit tax-free.
Thinking about taxes may not be driving your decision to buy Highlands NC real estate but it can certainly be helpful information to know. Contact us today to learn more about buying Highlands vacation homes. We keep our fingers on the pulse of the market to keep our clients educated and informed.