Real Estate : Tax Concerns

The structuring of real estate often demands attention to complex real estate and income tax related issues. Residential transactions often involve capital gain exemption issues and proper structuring of real estate tax liabilities. Commercial transactions are often predicated on income tax deferment techniques most prevalent under Section 1031 of the Internal Revenue Code. Heed must be paid to each and every aspect and detail of 1031 driven transactions to insure protection of seller’s gain from immediate long or short-term capital gain taxation.