A significant part of our practice includes counseling clients who are engaging in real estate transactions. The tax laws involving real estate are complex, and our experience and knowledge in this area enables us to endeavor to counsel our clients as to how to achieve the most desirable tax results. Often, an interplay between the estate and income tax exists, and our experience in these disciplines assists us in providing legal advice to our clients.
With higher capital gains tax rates now in effect, and with the likely upturn in the real estate market, we expect the number of taxpayers seeking like kind exchanges to increase. Our office works closely with real estate attorneys and qualified intermediaries in achieving tax-favored exchanges. We have published a treatise on like kind exchanges which is available on the website.