U.S. tax laws provide domestic and foreign real estate investors and developers with some of the most generous tax breaks, including the deferral of capital gain tax on the sale of highly appreciated property. This benefit of a 1031 exchange requires taxpayers to follow a unique set of rules and regulations. What is a 1031 […]
Posted on May 23, 2024
by
Luke Lucas
Effective June 1, 2024, Florida sales tax on rent and license fees for commercial property will be reduced from 4.5 percent to 2.0 percent, representing an estimated $1 billion in tax relief for Florida businesses. Florida is one of nine states that does not impose income tax on its residents, but it is also the […]
In this episode Director of Tax Services Art Lieberman shares the latest news about Opportunity Zones and the looming December 2026 deadline.
Posted on January 09, 2024
by
Art Lieberman
Opportunity Funds are entering their seventh year since being introduced under the Tax Cuts and Jobs Act of 2017. While initial hiccups from slow guidance and COVID are now behind us, new issues, challenges and pain points continue to emerge for investors and sponsors. Tax Benefits of Qualified Opportunity Funds As a refresher, qualifying investments […]
Posted on September 19, 2023
by
Joel Glick
A Pennsylvania judge recently vacated a plaintiff’s $25 million damages award based on the plaintiff’s expert failure to provide at trial “a sufficient factual basis” for the numbers he relied on for calculating lost profits. Although the judge in Paramount Financial: Civil Action Communications, et al. v. Broadridge investor: Communications Solutions agreed with the jury’s […]
Posted on September 07, 2023
by
Joseph Leuchter
In this episode Associate Director of Tax Services Joseph Leuchter explains how repair regulations can create favorable tax situations for business owns, real estate developers and other tax payers.
Posted on August 03, 2023
by
Art Lieberman
In this episode, Real Estate Tax Director Art Lieberman explains Opportunity Zones, the first step for developers and investors and some of the rules around Qualified Opportunity Funds.
Posted on June 19, 2023
by
Luke Lucas
Florida’s legislature recently enacted House Bill 7063, which will reduce the state’s sales tax on rent and license fees for commercial property, including office and retail space, warehouses and certain self-storage units. It is the only state in the nation that imposes sales tax on commercial rent. Effective December 1, 2023, the sales tax rate […]
Posted on June 15, 2023
In this episode BayBridge Real Estate Capital Managing Director Jay Miller shares trends in the financing world that are impacting commercial real estate owners and developers.
Posted on May 22, 2023
by
Karen Lake
The IRS extended until August 15, 2023, various federal tax filing and payment deadlines for individuals and businesses impacted by recent storms, tornadoes and flooding in South Florida’s Broward County. This relief is available to individuals who reside or have a business in a federally declared disaster area or whose records necessary for filing tax […]
