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Taxation of Property Transactions

While the U.S. securities and commodities markets are widely viewed as prime income generators, the vast majority of our national wealth rests in real property and closely-held business interests.

Fortson, Bentley and Griffin’s tax, corporate and real estate attorneys have carefully structured a wide variety of transactions involving the transfer (by gift, lease, sale, exchange, pledge or otherwise) of interests in businesses, commercial and noncommercial real estate, tangible personal property, contractual rights and intellectual property (such as patents, trademarks and copyrights) in order to achieve and preserve capital asset classification, defer taxable income, insure the availability of applicable losses, maximize basis, accelerate basis recovery and minimize or avoid excise, ad valorem, recording, and sales and use taxes.

In achieving these successes for our firm’s clients, FB&G’s experienced tax attorneys routinely employ many tax-planning strategies and techniques, including:

  • Installment Sales: including pre-development sales to a related parties to preserve capital gain treatment
  • Section 1031 Like-kind Exchanges
  • Reinvestment of Proceeds from Condemnations and other Involuntary Conversions
  • Creation of Conservation Easements
  • Section 1237 Subdivision Elections
  • Section 1014 Basis Planning
  • Use of Pay-as-cut Timber Contracts
  • Timber and Agricultural Use Covenants

If you are seeking experienced legal representation regarding taxation of a property transaction, please contact us online or by telephone at 706-548-1151 to speak with one of our experienced tax attorneys.

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