We are fast approaching a national election which will have an impact on all of us. No matter which party wins we will have a nagging uncertainty in the ability of our present tax laws being left free to continue in their present form. With Obama, assuming the legislative body remains virtually unchanged, there will be a life and death struggle to make sure that the rich pay “their fair share,” whatever that means. If the legislative majority is democratically controlled, hold on to your Cayman Island citizenship status. On the other hand, Romney, with the same legislative body, there will be a life and death struggle to make sure that all sides pay a fair amount whatever that means. However, certain key tax laws are doomed or at least they seem to be in jeopardy.
Hopefully, with either of the candidates one facet of the law will skirt a real deep probing. That being the wonderful 1031 provisions of the tax code which do not eliminate the gain but defer it to a later date. The following article is concise and clear.
To read this article in its entirety click HERE.
To view this week’s Featured Property click HERE.
David Walker joined Saurage Rotenberg Commercial Real Estate in 2012. David is a graduate from University of Southern Mississippi with a multi major in Accounting, Marketing and Business Administration. David practiced accounting with KPMG in New Orleans, LA. He then began working with Audubon Insurance gaining multiple years’ experience in this field. Leaving as Chief Operating Officer from Audubon Insurance, David began his real estate development career. David has multiple years in real estate brokerage dealing in farm and large tracts of land.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).