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Enhancing Your Property Sale - A Fresh Opportunity To Defer Capital Gains
Like many people, your real estate is probably one of your single largest assets in your financial portfolio. As a result, there is little doubt that the sale of any property - be it a primary residence, vacation home, investment or rental property, raw land, or a commercial parcel - all bring monumental tax anxiety to mind for you. With skyrocketing values across the nation over the past several years, these concerns are paramount to all individuals and families who desire to limit the tax hit Uncle Sam takes on their sale.
As you probably know, until now, a selling party had little option on the sale of a personal residence, and only a handful of options on the sale of investment properties, raw land or commercial real estate. Private Annuity Trusts, TIC’s, Charitable Remainder Trusts and 1031 Exchange are all well known, but carry some drawbacks with their execution and administration, not the least of which, are the significant costs of setup and annual management. While not the panacea to every situation, there is a new and exciting product, the Structured Sale, which is rapidly growing in popularity.
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