Real Estate Tax Planning
Miles & Stockbridge’s tax lawyers work closely with the firm’s strong regional real estate practice to provide our clients with comprehensive real estate tax-planning services—from acquisition through disposition.
Whether client concerns involve structuring an investment vehicle for maximum tax advantage, managing the tax consequences of a real property purchase or sale, or appealing a property tax valuation, our lawyers have the integrated business and tax knowledge to plan a strategy that maximizes financial advantages and minimizes tax burdens.
We advise our clients on utilizing and structuring the proper entity to make the purchase, a choice often crucial in obtaining favorable tax treatment for the transaction as a capital gain rather than as ordinary income, or as a transfer of ownership interests in a real estate owning entity in order to avoid state and local transfer and recordation taxes. Similarly, for large, multi-investor transactions involving real estate investment trusts, we undertake the tax planning for both clients who want to join the REIT in some fashion, such as through an UPREIT, or representing the REIT itself in its asset acquisitions and divestitures.
Property taxes are a prime concern of real property owners, and Miles & Stockbridge has had tremendous success in the management of the property tax appeal process.
