Proposed tax changes make it wise to sell any commercial real estate properties now if you are considering selling in the next couple of years in order to take profits, advised John Chang, senior vice president and national director of research services at Marcus & Millichap.
"Get it in motion today," stressed Chang in a video on the company's website.
Speed is of the essence because the Biden Administration proposal to set a $500,000 cap on 1031 tax-deferred exchanges would inhibit the ability to put gains from the sales of existing properties into new commercial real estate investments, Chang pointed out.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
