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Archives for November 2012

Real Estate Law: Top Ten Rules for People Selling Their Home

Real Estate Law & Tax Rules in California Real Estate law in California is confusing. But, that doesn’t mean you can ignore the implications associated with California real estate law. Nor, however, can you ignore your obligations to “Uncle Sam.” Understanding real estate law as well as your tax obligations is paramount to realizing a profit (or “gain”) when you sell […]

Using IRC 1031 Tax Law to Exchange Investment Property Tax Free

Avoiding Income Taxation through Tax Law IRC 1031 Current tax law provides that individuals selling investment or business real estate at a profit are subject to income taxation. The tax rates on profits under the tax law code are: 15% Federal capital gain 25% Depreciation recapture 9.6% California capital gain (other states vary) We have saved […]

Piqued at Property Tax Law Increases: Prop 8 & Prop 13 Tax Law Rules and Interplay

Let’s face it – tax law causes Californian home owners to tremble in fear. And, who can blame them? Tax law is confusing, especially as it relates to real estate tax. Our tax law practice has shown that failing to plan for how California real property tax law can lead to financial turmoil for home owners. Prop 13 Tax […]