As with many tax concerns affecting real estate, in acquisition, its ownership and its disposition, the issues are magnified when dealing with citizens of foreign countries. The issues relating to how we should handle purchases, management or sales of Hawaii real estate when dealing with non resident aliens who are not US taxparyers (called nonresident aliens) are unique and often not fully understood. ..(read more)
LAHAINA - The county Department of Parks and Recreation is seeking a special management area use permit to add four tennis courts to the Lahaina Civic Center complex.
The complex already has five tennis courts with lighting. The new courts would be located on the Kaanapali side of the existing courts.
The 2-acre project is estimated to cost $2.9 million, with construction planned to start in March...(read more)
There are six Maui County Council committee meetings scheduled this week to discuss limiting lawn irrigation, rules and regulations for transient vacation rentals, a parking structure in Wailuku and land-use permitting for the Pulelehua Village development proposed by Maui Land & Pineapple Co., among other items.
It's in committee meetings that the County Council does the nuts-and-bolts work..(read more)
KAHULUI - The Public Utilities Commission will hold hearings on Maui and Lanai this month to consider a fare increase for the Expeditions ferry that runs between Lahaina Harbor, Maalaea Harbor and Manele Harbor.
Hone Heke, the company that runs the ferry, has not increased its fares from $25 since it began operating 1990. In May, manager Steve Knight said he would seek a $3 a head increase to help..(read more)
For both HARPTA and FIRPTA, when the sale involves an election to recognize gains on the installment sale method or if there is a deferral of tax liability, relief may be available.
WORDS OF CAUTION
Sellers agents should be aware that the disposition of an investment property may raise questions about prior rental income derived from that propery
Managing agents for foreign owners of..(read more)
WAILUKU — The Maui County Council set property tax rates for the 2009 fiscal year in a special hearing Wednesday, voting 5-0 for a resolution that will keep property tax rates at current levels in the coming fiscal year.
The action sets the estimated revenue base for the 2008-09 county budget, which runs from July 1 through June 30, 2009.
USRPI or United States Property Interest is a term that means any interest in real property located in the United States regardless of whether the property owner is a citizen of the United States.(comment)
HONOLUA — Maui Pine is moving its center of production back to Honolua, the place where the company started a century ago as Baldwin Packers.
“You can grow Champaka anywhere,” says Darren Strand, the director of farming operations, referring to a canning variety of pineapple that was the company’s mainstay until Maui Pine quit canning last year. Its new fresh-cut..(read more)
Mochi pounding is a Japanese tradition that is honored before the New Year. Steamed rice is pounded in a stone container (usu) with a wooden mallet (kine) and shaped into rice cakes (mochi). Guests are welcome to participate in the pounding, mochi-making and eating. For more information call Diamond Resort at 808-874-0500(comment)
