Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Real Estate Tax Tips You Need

12 Aug 2024 · 1 min

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A short conversational excerpt from the YouTube video 'Real Estate Tax Tips You Need' (recorded Aug 12, 2024) discussing how, during low interest rate booms, investors were advised to reorganize real estate into corporations, professionals executed such restructurings and were paid well, but those reorganizations led to higher capital gains tax bills when properties were later sold.

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One of the other things is, let's just say when real estate got very booming during the low interest rate environments, one of the things that I've observed happened was people would get marketed quite often to say, oh, let's reorganize all of your assets, your real estate, and structure it into a corporation and all this wonderful things will happen. And some of them just did the work maybe a year or two ago. I'll just say the professionals got paid very well to help execute the transaction of that investment. But that only expired in the next two years.
All those changes have just increased the capital gain tax bill for every property when it gets sold in that.