Tax FAQ
 

Commercial Real Estate Tax Avoidance?

Question by steve20423 | Posted in United States

I own a edifice and the basis is $50k. Can I sell it for $75K to my brother who intends to sell it for $200k along with other assets this year resulting in barely or no tax for me to pay and smaller tax bill for him to pay?
Is it legal and where can I find supporting information on transactions like this?

 
 

How To Reduce Real Estate Tax On Commercial Buildings?

Question by David Z | Posted in United States

I have a erection with a store and two apartments. The real estate tax is over $7,000/yr, when my income is only $13,000/yr. So I am losing money with expenses totaling $15,000/yr. One of the apartment is farm out control at $400 per month

Answer: Mark with your local real estate tax assessor to see if you can protest the assessed value. If so show up with all of your reasons. Some protestors win and some let slip. Good luck.

Related Topics:

Copy Of Tax Returns
Ky Tax Forms
Montgomery County Tax Office

 
 

Can You Use Tax Sheild Benefits In Commercial Real Estate?

Question by David W | Posted in United States

If you buy a multi-household complex with the intent to hold it for 5 years (70% LTV) can you use a tax shield to off-set some of the taxes you pay from once-a-year cash flows?

Answer: No, that only administer to your primary residence. You will have other ways to shelter some income from taxes, but not that one.

Related Topics:

Gaap Accounting Tax
Monthly Tax Calculator
Montgomery County Maryland Tax

 
 

What Is Best When Buying A Commercial Building?Include Real Estate Taxes?

Question by Jennifer | Posted in Renting & Real Estate

Now Im buying a commercial construction.The deal is owner carries contract, or finance the amount with his/her own interest. Is it best if we include the real estate taxes (which are about less than $1,000.00) with the prominent payment and interest or just pay the principal payment and interest without real estate taxes?Is it true that adding the real estate taxes can enhancement the interest on the loan?I would like advice on this.thanks.

Answer: You be to pay the taxes separately since you will be paying and individual rather than a lending institution. That way you know that they get paid on all at once.

Related Topics:

Gaap Tax Accounting
Free Tax Information
Brazos County Tax

 
 

Insurance Vs Taxes On Commercial Real Estate?

Question by Nick | Posted in Renting & Real Estate

I'm working on a votaries project and the fact sheet gives me Insurance and Taxes on commercial real estate together, yet I need an resemble break down in order to calculate government subsidies.

So, anyone know an approximate correspondence of Insurance to Property Taxes on a commercial property? Is insurance usually half as much, twice as much, etc?

Also, this is an industrial Nautical head.

Thank you!

Answer: It depends where the realty is located. Every state, county, city has a different tax rate. For instance, in California the reproach is around 1.25% to 1.75%. In Texas the rate is around 4%-5% of the assessed value.

Typically speaking the tax rate is 3 to 4 times the cost of insurance. But that also depends on the kind of coverage of the surety policy. If there is earthquake or flood insurance on the property that could double the price of the action.

The type of

Related Topics:

Florida Unemployment Tax
Free Tax Filing For
Vermont Property Tax

 

Congress Can Create 1.3 Million Jobs, Avert Imminent Commercial ...

by Jonathan Kantrowitz

A tax spur for question owners that would dodge the looming commercial real estate allowance moment while creating 1. The Forthcoming Commercial Real Estate Calamity and The CRE Unravelling recommends a three-year, tiered tax carrot tied to personal to dynamism reduction targets. Commercial estate values have plummeted by more than 40 percent, and commercial vacancies rates extend to gain. By April, the construction vigour had extinct more than 2 million jobs, with another 35,000 jobs spent in May, mostly in the commercial erection sector. 3 million jobs is ornate for the first at the same time in a story released today. 4 trillion in CRE loans are coming due. CRE transactions have dropped a staggering 90 percent since 2007. It is being released at a parlous yet....

Read more...
© 2011 Tax FAQ