Selling Real Estate Without Paying Taxes: Capital Gains Tax Alternatives, Deferral vs. Elimination of Taxes, Tax-Free Property Investing, Hybrid Tax Strategies (Paperback)

by Richard T. Williamson (Author) "The investment real estate market in America is booming as never before..." (more)
Key Phrases: private annuity trust, primary home exemption, primary residence exemption, Smith Family Trust, Internal Revenue Code, Los Angeles (more...)

Editorial Reviews

Product Description

The decline and instability of the financial market has led to a white-hot market in real estate.  Millions of investors are moving their money from equities to real estate.  As the rate of transactions increases sellers are discovering that there are some tax surprises associated with selling real estate.  The two primary tax considerations are capital gains and recapture of depreciation.  Between the two, Federal and State taxes can be as much as one third of the profit on the sale of a property.  Both individual investors and real estate professionals can discover legal methods for deferring or eliminating these taxes by reading this book.  Selling Real Estate Without Paying Taxes is a non-technical, plain-English look at the various ways to avoid taxes when selling real estate.  It explores both tax deferral and elimination methods, discusses the pros and cons of each, and gives examples of how each method works in everyday practice.  This book will be a valuable tool for individuals and professionals so that they can make the most out of each real estate transaction.

About the Author

Richard Williamson is both an attorney and real estate professional.  He serves individual clients on tax matters related to real estate – and he serves real estate professionals whose customers rely on them to give expert advice on tax consequences related to selling real estate.  He is very active in his profession having advised real estate investors in thousands of transactions over the past 15 years.  His areas of expertise are capital gains tax planning, investment real estate, tax advantages trusts and estate planning.
 

Product Details

• Paperback: 248 pages
• Publisher: Kaplan Business; 2 edition (January 2, 2007)
• Language: English
• ISBN-10: 1419584375
• ISBN-13: 978-1419584374
• Product Dimensions: 9 x 6 x 0.6 inches
• Shipping Weight: 10.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.9 out of 5 stars See all reviews (11 customer reviews)
• Amazon.com Sales Rank: #147,185 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #18 in	Books > Business & Investing > Accounting > Taxes > Tax Planning
  #32 in	Books > Business & Investing > Personal Finance > Personal Taxes
  #62 in	Books > Business & Investing > Personal Finance > Estate Planning

Customer Reviews

Most Helpful Customer Reviews

39 of 40 people found the following review helpful:

5.0 out of 5 stars A must read for property investors!, May 26, 2003

By A Customer

This review is from: Selling Real Estate without Paying Taxes (Paperback)

This book is just what the doctor ordered. I am not an accountant or big time property investor but I needed to find out how to deal with the taxes I faced on the sale of a small apartment building. This book covered the stuff my realtor talked to me about and went far beyond. I quickly found out that what I was planning on doing wasn't going to work out the way I (or my realtor) thought. However, this book gave me other ideas and choices I hadn't considered; some of which would work pretty well for my situation. I don't necessarily enjoy reading business or tax books, but this one was surprisingly easy to read and understand. I was able to get through the book in a few days and didn't get bored or mind boggled. Now I've got both my realtor and accountant reading it. This one is worth the time invested. Hat's off to the author.

35 of 38 people found the following review helpful:

5.0 out of 5 stars Best real estate tax book. Period. , September 18, 2004

By	Coug Fan (Vancouver, WA) - See all my reviews

This review is from: Selling Real Estate without Paying Taxes (Paperback)

I have read a number of books about real estate tax planning, and this is by far the best. It is clear, to the point, and very readable. The author goes through the basics of how a capital gains basis is calculated, rules about stepping up basis, primary residence exclusion rules, etc. He then discusses various ways of deferring or eliminating capital gain consequences via 1031, installment sales, private annuity trusts, charitable remainder trusts and Roth IRAs. The chapter on private annuity trusts is one of the least known, yet most valuable strategies that exists. Buy this book!

11 of 12 people found the following review helpful:

5.0 out of 5 stars Excellent Book!, May 17, 2003

By	Matthew Crammer - See all my reviews

This review is from: Selling Real Estate without Paying Taxes (Paperback)

This book is a "must read" for anybody who is considering buying or selling real estate in their lifetime. Many of the strategies listed in this book are very cutting edge. There are so many detailed tax advantages that are expressed in an easy to read format. This book is an excellent resource and I highly recommend it.