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Do Capital Gains prevent you from selling your highly appreciated property?
Would you like to know how you could defer depreciation recapture and capital gains without interest or penalty?
This program is IRS approved for sellers who prepare. Call us today for more information.
If capital gains taxes prevent you from selling your property you may want to consider the Private Annuity Trust. This trust is sec: 72 of IRC approved for deferring the capital gains taxes you will owe. The trust program provides you an income for life from the assets proceeds and transfers the trust's balance to your heir's estate tax, income tax and probate free.
AN EXAMPLE:
John & Mary have an Apartment Complex for sale. They are age 60 and wish to retire from the property rental/management business. They have an adjusted basis in their building of approximately $50,000 and the building will sell for $500,000 net. Their capital gain is $450,000 and the taxes will be over $126,000. If they sell outright, the taxes are due. If they have a Private Annuity Trust they will receive an income for life over $35,476 per year, stretch the capital gains taxes over their entire lifetime, without penalty or interest, and leave the balance of the Trust assets to their chosen heirs when they die. The Trust assets are not subject to federal estate taxes, family liabilities, probate or Medicaid. (There is no maximum to the size of any transaction.)
For more detailed information please contact:
Our Senior Analyst
562.283-1801
