TELESEMINAR: Tax Planning for Maximum Benefit in Real Estate Transactions, Part 1 – A National Perspective
January 22, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
The tax considerations of real estate deals – development, ownership, sale or like-kind exchange – are often a major component of the economics of the underlying transaction. This is particularly so in the current climate of rising tax rates, the restriction of certain tax benefits, and where property values still have not fully stabilized. Getting the tax piece of a deal right and form the beginning is often essential to transaction. This puts a premium on tax planning at every stage of a deal, to ensure the underling benefit of the bargain is not lost. This program will provide you with a practical guide to major tax planning issues in real estate deals, including choice of entity, capital gains and distribution planning after the new 3.8% Medicare tax, and advanced like-kind exchange issues. Part 1 of 2.
- Impact of choice of entity on real estate ownership, including distributions and eventual sale
- Starting right – acquiring property to minimize taxes later
- Development period – effective allocation of tax attributes
- Continuing ownership – distributions and shifts in ownership
Jill E. Darrow, Katten Muchin Rosenman, LLP, New York
Richard R. Goldberg, Ballard Spahr, LLP, Philadelphia