Real Estate Related Tax Concerns

Given the value of most real estate, conducting any real estate transaction without first considering its tax consequences is not altogether different than volunteering to walk blindfolded through a minefield. Both strategies invite disaster.

Keep in mind, tax consequences can add up quickly when dealing with property that on the low end of the scale, is still worth hundreds of thousands of dollars minimum. Unfortunately, State Legislatures and the IRS have yet to come out with tax rules in a language that most people can understand. Because of this, hiring an attorney to review and advise you of potential tax consequences before transactions takes place is a strategy that pays off in the long run.

Minimize your tax exposure and protect your investments. Call or contact the law offices of Oswald & Yap LLP in Irvine, California, to put more than 25 years of experience on your side.

At Oswald & Yap LLP, our real estate attorneys offer individuals, investors, builders, developers, and others more than a quarter-century of experience with purchases and sales of real property and the tax issues associated with those transactions. In any case, we can provide knowledgeable guidance and advice regarding the complex rules you must pay attention to in order to minimize tax liabilities.

Some of the specific real estate-related tax concerns we can provide information and services for include:

• Tax-short sales
• Ttransfer taxes
• Capital gains taxes
• Income tax withholding requirements
• Property taxes
• 1031 like-kind exchanges
• Holding period requirements
• Investment purpose or intent issues
• Tenant-in-common considerations
• Reassessment issues