This convenient reference tool is designed for real estate
investors who wish to maximize their tax benefits through a better
understanding of real estate law. Ferguson and Spede thoroughly
analyze and explain real estate tax laws, as well as the problems
and advantages of purchasing, owning, and selling real estate.
Specifically explained and illustrated are such issues as
calculating excess investment and interest, installment selling,
alternative minimum tax, investment credits, recapture of tax
credits, trading properties, leases with options to buy, and the
establishment of new bases for trade. In addition, the authors
emphasize many of the tax traps and pitfalls encountered by
investors, including accelerated depreciation, amortization of
expenses, and tax write-offs. Also considered are related topics
such as personal property taxes, special tax problems, the
rehabilitation of historic and older commercial properties, low
income housing, rental cooperatives, condominium units, and home
ownership taxation. Finally, there is a discussion of tax reform,
including the changes brought about by the Deficit Reduction Act of
1984, as well as the possible effects of the flat tax rate proposed
by the Treasury Department in January of 1985. The volume is
completely cross-referenced, and includes chapter summaries, case
histories, and a glossary, as well as numerous tables and
illustrations.
General
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