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Florida’s Tax Climate Proves Beneficial for Equestrians

Posted on: January 22, 2020

Wellington, Florida has long been the winter equestrian capital of the world and indeed the winter home of elite equestrians from around the world. With the Olympics coming up this summer, there are even more reasons to spend the season here testing one’s mettle and competing for a berth on one’s national team during the Winter Equestrian Festival and/or Global Dressage Festival. For passionate followers of the sport, whether owners, riders or enthusiasts, the question has always been: invest in a residence here or acquire a seasonal rental? That question may have been answered once and for all with help of the recent tax code changes and the introduction of a never before available luxury address in the heart of Wellington.

Florida has neither state income taxes — and perhaps yet more importantly — no estate taxes. And then there’s the Homestead exemption.  To put it in plain English, as long as you remain in Florida for at least six months cumulatively each year, your real estate taxes are significantly reduced. Taxes are forgiven for the first $50,000 worth of your primary property. And property tax increases are limited to a maximum of 3% year over year.

With the tax landscape drastically altered by the loss of itemizing deductions for state and local taxes, these Floridian incentives are well worth your consideration.

Found at the heart of Wellington’s equestrian scene, Coach House was created to offer a luxurious solution with eight distinct floor plans and only 34 bespoke residences. Designed for the true equine enthusiast, Coach House presents a highly-serviced lifestyle to enjoy condominium living at its finest. Coach House features spacious apartments with oversized private terraces and protected views of the Equestrian Preserve. Residents will enjoy the warm, familiar experience of a fully-staffed property. From the reception team, concierge, valet staff and butler service, to the on-site property management professionals, residents will receive personal service at a level that epitomizes carefree living. This exquisite, pet-friendly property, provides all the amenities to fully enjoy every perfect moment with family and friends, including a rooftop pool, high-end fitness center and spa, library, boardroom, private dining room, catering kitchen, private garages, direct elevator access along with a limited number of private cabanas and guest suites.

Located at 13410 South Shore Blvd., close to everything the Palm Beaches have to offer, Coach House residences estimated pricing starts from $2.5 million. For more information about Coach House residences, simply fill out the form and join our subscriber list.

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