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BEVERLY HILLS COURIER, November 2, 2007
"In the Penthouse of the Sofitel LA Alive! Expo presented Mix Media Award Suites "Green Pavillion" during the recent Emmys...celebs and Hollywood VIPs received star and pampering treatments and gift items from over 20 sponsors with a primary focus on the eco-friendly. Included were skincare, spa, bath and body products, robes, pajamas and sandals. There were organic baby lotions and chocolates for children, TVs from Pioneer, Panasonic and Magnolia, plus many other beauty accessories and electronic products and vacation getaways. Also quite interesting and informative was the real estate team of Pence Hathorn Silver, who discussed the different ways of making homes eco-friendly. They have joined forces with developer John Lee to build one of the largest luxury "green homes" in Santa Monica...."
SANTA MONICA DAILY PRESS, August 14, 2007 & LA OPINION, July 28, 2007 Going Green is Great Las Casas 'Verdes
LOS ANGELES TIMES, WESTSIDE HOMES, SATURDAY MARCH 1, 2008 #2 TEAM GREATER LOS ANGELES AND #4 TEAM INTERNATIONALLY 
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
Where are church services held in the water each Sunday during July and August?
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| A |
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. |
See More Real Estate Trivia > |
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Charles Pence,John Hathorn,Loraine & Brett Silver Coldwell Banker Pence Hathorn Silver 1531 Montana Ave Santa Monica, CA 90403 310-899-3527 Fax: 310-458-5901 jh@phsrealty.com
Charles Pence, John Hathorn, Loraine Silver and Brett Silver have served the Westside for over 30 years and have over 60 years of combined experience. They are in the Top 1% of all real estate agents nationwide garnering various Coldwell Banker awards such as the Top 100, International Presidents’ Elite and Society of Excellence awards. To date, they have represented, brokered or handled transactions in excess of $2.6 billion since 1978.
Charles Pence-Lic. #00670728
John Hathorn-Lic. #00960182
Loraine Silver-Lic. #00800114
Brett Silver- Lic. #01193551 www.PHSRealty.com
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