Look to Us When You Need:
- Acquisitions and Dispositions of Partnership and LLC Interests
- Section 1031 Like-Kind Exchanges (including forward, reverse, and exchanges involving tenant-in-common interests)
- Tax-Deferred Installment Sales (including sales to related parties)
- Conservation Easements and Charitable Trusts
- Tax-Free Partnership Liquidations and Exit Strategies
- Spin-offs and Partnership Divisions
- Tax Deferral Techniques
- Capital Gains Tax Planning
- Asset Protection Planning for Real Estate
- Depreciation Recapture Minimization Planning
- Planning for and Avoidance of Cancellation of Indebtedness Income
From a tax standpoint, partnership entities (including limited liability companies) are very flexible. However, the partnership tax rules are extremely complex. Our attorneys are experienced in navigating these rules and developing tax-advantaged acquisition and disposition strategies.
Recent Real Estate Representation:
- Acted as local counsel for syndicated sale of federal historic tax credits for renovated historic office buildings
- Acted as lead counsel for purchase of state historic tax credits for renovated historic office building
- Representation of local development company in structuring multiple tax advantaged development strategies for the deferral of over $10 million in tax pursuant to 1031 exchanges and other planning
- Representation of real estate developer in sale and multi – property section 1031 exchange of net leased properties replaced with partially completed retail developments including construction bridge financing and permanent conduit non-recourse financing combined with purchase of LLC membership interest for optimal tax consequences