There has been a lot of talk recently about the 3.8% tax
that is part of the Affordable Health Care Act and how it will affect real
estate transactions when it goes into effect in 2013.
The tax itself is complicated and will not affect all real
estate transactions. Rather, when the legislation becomes effective, it
may impose a 3.8% tax on some (but not all) income from interest, dividends,
rents (less expenses), and capital gains (less capital losses). Below is
a publication from the National Association of Realtors with a breakdown of the
top ten things you'll need to know about the new tax.
Of course, each situation will be unique. Below is a
link to a more comprehensive look at the tax which includes some examples of
how it may be applied.
As always, please feel free to contact my office with any
questions you may have.
Don Ricedorff, Broker Associate, GRI, CRS, CCIM, ABR,
RSPS, CDPE
E-Mail: don@durangorealproperty.com
Direct: 970-375-7014
Fax: 970-259-5007
Web: www.DurangoRealProperty.com
Member of Rocky Mountain Commercial Brokers
http://www.rockymtncommercial.com/
Member of Rocky Mountain Commercial Brokers
http://www.rockymtncommercial.com/
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