Considering the options: the like-kind exchange and the personal residence
Article Abstract:
The concept of like-kind exchange and its implications for real property tax deductions are discussed. The primary rule to consider is that property categorized as 'personal use' cannot qualify for like-kind exchanges. Some of the issues to consider are whether a portion of a property has been converted into non-residential uses and whether there was division between residential and non-residential portions. The conversions could result in rental, trade or investment properties. Tax deductions could be applied on the conversion costs of the property.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Finally, something good comes from asbestos contamination
Article Abstract:
The Appellate Div. of the New Jersey Superior Court upheld a decision of the Tax Court that a contaminated real estate property will have a nominal value when the estimated cleanup costs are in excess of the property's fair market value. Taxing authorities have held that the costs of environmental regulation should not apply to property values. As a result of the decision, assessors should henceforth consider the costs of environmental compliance in their valuations.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
1031 exhanges offer unlimited opportunities for investors
Article Abstract:
Real estate investors can avoid paying taxes on acquisitions under the Tax-Deferred Exchange provisions of the IRS. The provision allows investors to exchange income-producing properties without being taxed, on condition that the property being exchanged is real estate. The profits from the exchange are not subject to taxation, and the sale itself can be accomplished through an intermediary.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Reducing taxes on the disposition of a personal residence with acreage. Updated procedures for obtaining FIRPTA withholding certificates
- Abstracts: Leasing as a lottery: implications for rational building surges and increasing vacancies. The fractal structure of real estate investment trust returns: the search for evidence of market segmentation and nonlinear dependency
- Abstracts: Condo-hotels: expanding the options for lodging development. Modeling the sale of corporate real estate assets: A case study using real options
- Abstracts: You're the top; you're the Tower of Pisa. Mezzanine and participating debt. The pro-cyclical behavior of players in the office market - interests, pressures and possible alternatives
- Abstracts: SkySong, the ASU Scottsdale Innovation Center - the new model for this century's workplace environment. A sleeper project