PROPERTY

Until recently, to study in Miami Law's Robert Traurig-Greenberg Traurig LL.M. in Real Property Development program students had to come to Miami, FL for a year or more. But now, the LL.M. program—widely regarded as one of the nation's best—is also accessible in an online format that offers both innovation and academic excellence. The LL.M. explores the subjects necessary to develop an understanding of land acquisition,...

Cash withdrawn from appreciated property using financial instruments has become a major source of untaxed support for the standard of living of our wealthiest citizens. The proposal would treat cash received under a contract for sale of property or for writing an option on property as realization of gain to the extent the taxpayer or a related party holds the property (or substantially identical property) with unrealized...

This proposal would repeal section 1231, which accords capital gain treatment to gains but gives ordinary treatment to losses. That asymmetry increases the expected value of volatile investments over the pretax value of the investments. During a revenue crisis, the tax system should not increase an investment’s value. Moreover, section 1231 has been expanded to make the ordinary business profits from timber,...

In a realization system, taxpayers have an incentive to sell loss property from a diversified portfolio and hold gain property. With no limitations on selective loss sales, the effective tax rate on an appreciating portfolio is less than zero. Replacements by related parties are now sometimes treated as “fake dispositions'' under the facts and circumstances step transaction doctrine, collapsed or not according to whether...

This proposal would end the step-up in basis for property acquired by reason of the death of another individual and increase the tax on inherited property when it is sold. The exemption for built-in gain at death is unfair because it allows consumption, even sumptuous consumption of investments by heirs, without either the heir or original owner paying tax on the consumption.[1] Under normal patterns, tax on heirs...

Georgia Property Tax Misinformation Property,appeals,Georgia Author: propertytaxsavings1

Perspective: Problems (and solutions) with Minnesota's property tax code property, woodland owner, seasonal, recreationalland use, land change, forestry, forest Author: MyMinnesotaWoods