Over the past several months, Congress and the IRS promulgated tax provisions, extending tax savings opportunities that benefit real property owners and clarifying new rules regarding the Foreign Investment Real Property Tax Act (“FIRPTA”). Some of these provisions allow taxpayers to accelerate deductions or claim tax credits. In this newsletter, you will learn about some of the provisions affecting real property, as well as recent trends in multi-family housing within the San Francisco Bay Area.Read More
A summary of some of the recent provisions affecting real property.Read More
What’s fueling this nationwide trend? Both millennials and empty nesters from the baby boomer generation. While age may be the […]Read More
Over 100 attendees gained insight into the upcoming local real estate and national economy, and how it will be moved by the results of the upcoming general election from leading economist, Tim McGee.Read More
Many will remember the extreme overreaction that Congress undertook with the 1986 Tax Act. ACRS was replaced with MACRS and, […]Read More
The real estate industry in the Bay Area continues its upward trend—although there is talk about a plateau being reached or at least being in sight. The increase in construction activity and valuations have been very strong. Only time will tell if the future holds a correction or merely a pause in the upward trajectory.
The main focus of this issue will be on depreciation. On Page 2, we discuss depreciation in the context of cost segregation—from the §1031 exchange vantage point and from a “repair vs. capitalize” vantage point. On Page 3, we explain the newly enacted PATH Act provisions as they affect the real estate industry. In combination, these articles explore the intersection of bonus depreciation with cost segregation and like-kind exchange (an exercise in three-dimensional chess).Read More
Do you know that under Section 179D of the international revenue code, taxpayers are allowed to expense up to $1.80 per square foot of the cost of improvements that increase energy efficiency?Read More
Welcome to the first issue of SLD’s Real Estate newsletter providing important news and advice for real estate professionals.
In today’s challenging economy, where real estate holdings are subject to shifting dynamics in the market, SLD’s real estate experts can provide clients peace of mind and stability.Read More
The California Board of Equalization has held that a “Swap and Drop” transaction has qualified for tax-deferred treatment under Section 1031. This decision counters the Franchise Tax Board’s longstanding view that such transactions preclude taxpayers from the requisite holding of the replacement property for use in a trade or business. While not precedential, the ruling should provide some comfort to real estate investors engaging in these types of transactions.Read More