Besides repealing Section 1031 of the tax code, the Senate Finance Committee Discussion Draft proposes a number of other critical changes to the tax code’s treatment of real estate investments. In the below article, Bruce Thompson, Senior Policy Advisor at DLA Piper, summarizes these proposals.
Senate Tax Reform Proposals: “Chilling Effect” on Real Estate Industry
DLA Piper LLP, Bruce Thompson
A tax reform proposal released by the Senate Finance Committee would have a major impact on the real estate industry, according to comments submitted to the committee by a number of industry groups. If enacted in their current form, the group says, these proposals would threaten real estate activity and investment and have a negative impact on the US economy…. Read More