| Impac Mortgage Holdings, Inc. Declares First Quarter Dividend ...
IRVINE, Calif., March 29 /PRNewswire-FirstCall/ -- Joseph R. Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. , or the "Company," a Maryland corporation, being taxed as a real estate investment trust ("REIT"), announces the Board of Director's approval of the first quarter 2007 dividend of $0.10 per common share. The first quarter dividend will be paid on April 17, 2007 to stockholders of record on April 9, 2007. The ex-dividend date will be April 3, 2007. As a REIT, the Company is required to distribute 90% of its .
Tax breaks on rental house
MY husband and I will be going overseas for a few years and wonder whether to keep our house as a rental property or sell it now and place the capital gains into my superannuation account. The house is worth $650,000 and has a mortgage of $550,000. I am 51 years of age with a very small superannuation balance. We have owned the house for only two years, and plan to sell it within the next eight years. I am concerned that the cost of selling this property and buying another will eat up most of your equity in it. A better solution may be to rent it in your absence and claim interest as a tax deduction. You can be absent from your residence for up to six years without losing the CGT exemption, so this will not create any capital gains tax problems. I am 50, self-employed and have had no employer making super contributions for me.
An Orderly Ebb for Stocks
WEBSTER'S DEFINES "RISK" AS the chance of injury, damage or loss. As the second quarter begins, the stock market is opting for a narrower interpretation: Risk is the prospect of a debilitating economic slowdown -- and the creeping likelihood that persistent inflation could prevent the central bank from swooping in to cut interest rates. The alarm this risk caused just a month ago has abated somewhat. A recent raft of benign economic data -- and each passing week without a catastrophe from the wobbly land of mortgage loans -- has encouraged the notion that the economy is slowing ... .
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