Member Log In: E-mail Address Password Remember me on this computer

INSIDER: New Law Adds Complexity to Tax-Motivated Real Estate Transactions Involving Property Leased to Tax-Exempt Lessees	By John Balboni and Joe Ladocsi

When it's time to sell, many real estate owners face the prospect of paying tax on capital gains generated by appreciation in their property's value. Frequently, these owners seek to defer paying these taxes by entering into Section 1031 like-kind exchanges. As a matter of public policy, these tax-deferral benefits encourage owners to reinvest their sale proceeds in like-kind assets. However, Section 470 of the tax code—enacted as part of the Jobs Creation Act of 2004—dramatically impacts the availability of these tax-deferral benefits under certain circumstances.

Subscribers: Click Here for the Full Story

Non-Subscribers: Click Here to Subscribe