The July LANDTHINK Pulse revealed 76.37% of respondents feel strongly that tax breaks (tax free exchanges, capital gains, etc.) should continue for real estate investors. Real estate is an integral part of a sound investment portfolio, and it’s the simplest way to build wealth and reduce taxes. Current tax reform proposals, however, have some of the prized real estate tax breaks that entice investors, facing elimination. The proposed tax-overhaul could eliminate the 1031 exchange, repeal/limit the mortgage interest deduction, and place drastic limits on capital gains exclusion.
Last month, the July Pulse asked: Should the government continue to give tax breaks (tax free exchanges, capital gains, etc.) to real estate investors?
It was the general consensus of the LANDTHINK audience that tax breaks for investors should continue. An overwhelming 76.37% said “YES”, government tax breaks SHOULD continue, while a mere 23.63% said “NO” they SHOULD NOT continue. Those answering “YES”, in favor of tax breaks, likely feel the continuance is vital to encourage economic stimulation. Many feel the proposed changes might lead to lower real estate values, by prompting investors to flee the market. Those answering “NO” are likely among those who believe tax breaks disproportionately benefit the wealthy.
Here are the final results:
- 76.37% said YES, the government should continue to give tax breaks to real estate investors
- 23.63% said NO, the government should not continue to give tax breaks to real estate investors
Thank you to everyone who participated and shared the Pulse with friends and connections in the land industry.
LANDTHINK is seeking sponsors for the September LANDTHINK Pulse and months thereafter. Sponsorship of the Pulse is an excellent opportunity for land industry businesses and professionals to receive significant exposure by leveraging our entire network of web and social media sites. Pulse sponsorships are offered on a first come first serve basis and are subject to certain limitations. If your business would be interested in sponsoring next month’s September Pulse question, please contact us soon.
Do you have a suggestion for next month’s Pulse question? Submit your question here and we might choose yours!
Should local governments be allowed to use eminent domain for private economic development? Tell us what you think! Click here to answer the August Pulse question.
This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of LANDTHINK. Use of this content without permission is a violation of federal copyright law. The articles, posts, comments, opinions and information provided by LANDTHINK are for informational and research purposes only and DOES NOT substitute or coincide with the advice of an attorney, accountant, real estate broker or any other licensed real estate professional. LANDTHINK strongly advises visitors and readers to seek their own professional guidance and advice related to buying, investing in or selling real estate.