California Capital Gains Tax
When applied in conjunction with the capital gains tax, state taxes can quickly drive total tax rates past 25 percent. In California, investors can lose large percentages of gains on property sales to taxes. This, coupled with the ever-growing potential of the California real estate market, has made the Golden State one of the busiest areas for 1031 investment activity. A 1031 exchange enables an investor to defer the capital gains tax on the sale of an initial investment property by reinvesting it in like kind properties. 1031 commercial properties include but are not limited to office buildings, industrial centers, and retail outlets. In order to avoid capital gains taxes, the exchange must occur within 180 days of the initial closing, and all other time and property requirements laid out by the IRS tax code must be met. At TM 1031 Exchange, we provide investors with access to an extensive selection of California 1031 properties. Our searches feature properties that can't be found on many public listing sites, and we work with property owners to ensure that the latest properties are made available to our clients. We're not interested in pushing a particular property. We simply match investors with brokers and properties that will best help them achieve their investment goals. We have been in the real estate business since 1972, so we've witnessed tax rates and real estate values continue to rise in California. We're committed to helping investors find investment packages that are appropriate for them. Call 1-877-4-TM1031 or email team@tm1031exchange.com so we can answer any questions you might have about California capital gains tax.
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