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Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

The Supreme Court ruled in Venkatesh Premises Co-op Society Ltd vs. ITO (2018) that this money is a pooled contribution used for self-benefit rather than income. Investment income compliance is made easier if funds are held in cooperative institutions. What are the usual tax compliance requirements for RWAs?

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Navigating Zoning Laws: Facilitating ADU Development in Urban Areas

Beach Front Property Management

These reforms included: Banning minimum lot sizes for ADU construction Eliminating impact fees for smaller ADUs Easing parking requirements Removing owner-occupancy rules Allowing multiple ADUs on certain lots In 2023, Los Angeles County issued over 45,000 ADU permits, much more than the 10,000 permits issued statewide in 2018.

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HOA Reserve Study Requirements By State

HOA Managememt

According to Section 11-109.4 , if a condominium’s governing body has conducted a reserve study on or after October 1, 2018, it must complete an updated study within five years and continue to do so every five years thereafter. In doing so, board members can ensure compliance and avoid potential liability.

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Single-Family Property Management Service Trends for 2022

Propertyware

Since 2018, the number of investors in our survey has increased from 67 to 71 percent. Owners are looking for property managers to stay on top of these laws and restrictions as they arise and help them navigate the compliance issues that accompany them. Propertyware is one such solution.