Buying or selling real property always carries extensive tax implications. Because, sales or purchases of real estate generally involve significant amounts of money, the impact of tax errors that occur, or opportunities that are missed in the transaction, are exaggerated. Therefore, it is imperative that real estate transactions be fully and thoroughly analyzed for their tax ramifications in advance of their closing.
To ensure compliance with international, federal, state and local tax rules and regulations, the tax advisory experts at FTI Consulting offer seasoned support to public and private REITs, private equity funds, real estate operating companies, developers and investors. The firm assists in all transactions, including acquisitions, refinancing, debt and equity restructurings, and sales and other dispositions, providing best practice tax structuring, compliance and due diligence services.
Among the more common tax issues buyers or sellers of real property face:
Construction of residential and commercial real estate in South Florida is booming. Real estate investment and development will be key drivers of local and national economic expansion going forward, and real estate investors stand to realize significant returns. However, it is crucial that real estate investments and other transactions be undertaken with full knowledge of the potential tax consequences and with a strategy in place to maximize potential tax benefits and minimize potential tax costs.