Those of us who own highly appreciated homes are often reluctant to sell because of Capital Gains taxes. There is a perfectly legal way to defer capital gains tax and reduce your overall tax burden. The Deferred Sales Trust™ can provide a way out.
This capital gains tax deferral tool could save you thousands of dollars, and by having the opportunity to potentially make a profit on the money you would have paid to Uncle Sam in the year of the sale.
Let us introduce you to our tax planning team to answer any questions you may have.
If you own real estate with a large amount of equity and are not selling your property because of potential capital gain taxes, or can't find suitable, qualified property exchanges, then you may want to consider a Deferred Sales Trust™. Deferring taxes, legally, is not new. Some commonly used tax deferral methods include 1031 exchanges, charitable trusts and traditional seller carry-back installment sale contracts.
The Deferred Sales Trust™ can be used with any kind of entity, e.g.., LLCs, S or C election corporations, as well as individuals who own real estate, rental properties, vacation homes or land, to name a few.
There are significant benefits to a homeowner in electing to use the Deferred Sales Trust™ when electing to sell their property:
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