Real Estate Related Tax Concerns

Given the value of most California 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, the California State Legislature 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 in Southern California 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
• transfer taxes
• capital gains taxes
• income tax withholding requirements
• California property taxes
• 1031 like-kind exchanges
• holding period requirements
• investment purpose or intent issues
• tenant-in-common considerations
• reassessment issues

Over 25 Years of Experience with Southern California Real Estate

Listed in the Bar Registry of Preeminent Lawyers since 1985, our firm has ABOTA Certified (less than 3 percent of trial attorneys nationally) and AV Rated* attorneys on staff ready to assist you. To discuss a potential real estate transaction and its tax ramifications with an experienced lawyer—contact Oswald & Yap LLP.

We offer a free in-office consultation to all prospective clients and a willingness to work with clients regarding fee arrangements and costs. We are a minority-owned firm and WMBE certified business that is proud to serve clients from a wide range of nationalities. Our attorneys are fluent in Spanish, Korean, Mandarin, German, Taiwanese, Arabic, and French.

*AV, BV and CV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell Ratings fall into two categories – legal ability and general ethical standards.