Thread: Intangible Tax
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Old 04-21-2009, 02:05 PM
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ChattanoogaTn ChattanoogaTn is offline
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Default Intangible Tax

Once again I appreciate all the help and responses I get to helping me decide what to do. I am trying to decide if the "Homestead" exemption can be worked if I live in The Villages 6 months and ( 1 ) one day and hopefully that will quality me for tax break. I can get Fla tags and license and I believe you use to have to pay "property tax" on each vehicle when you get tags as you don't have to in Tenn but have to pay a one time Sales Tax. Also in Tenn you have a "State" Income (Dividends / Cap gains) tax as in Fla I have heard thay have done away with the "Intangable Tax" and was wondering if that is true and if you still have to pay tax on all Stocks, Bonds, Annuitys? etc.??

Just trying to make what little I have left, after the Market has all but destroyed me, last me. Trying to see if there are any "Tennessee" transplants that can tell me if it's better to make "Fla" my "permanent" home at least until I sell my house here in Tenn.

Again I very much appreciate all the help and advice as my Golden years are changing color with my assets slowly decreasing but I refuse to "wait" until I'm in the ground for this "market" to turn around. Just need someone to help in any advice you might consider.

Thanks again and hope I will make the right move as a penny saved is penny earned. You Villagers are a great group of people