Nebraska Activity #121130, 1.0 hour CLE
Tax considerations in real estate transactions – land development and sales, long-term ownership of commercial property, outright sales of real estate entities or like-kind exchanges – are a major component of every deal. Choosing the right entity and acquiring property in the right form can set up the deal for substantial tax savings or deferral when the property or entity is eventually sold. Getting allocations and distributions right, particularly in light of the new 3.8% tax on net investment income, is essential to ensure the parties to the transaction get the economic benefit of their bargain and are not challenged by the IRS. There are also a multitude of structures beyond Like-Kind Exchanges for deferring gain on the sale of property. This program will provide the non-tax specialist real estate attorney with a real-world guide to major tax planning considerations in real estate and related drafting tips.
Day 1 – March 30, 2016:
- Tax planning considerations for real estate transactions – guidance for the non-tax specialist
- Choice of entity considerations – contributions, distributions, and eventual sales
- Acquiring property in a form to minimize taxes later
- Getting allocation and distribution provisions right – layered allocations, target/forced allocations, built-in-gain (or loss) allocations
- Understanding and drafting for continuing ownership, including capital shifts and other shifts in ownership
- Deductions arising from non-recourse debt and minimum gain chargebacks
Leon Andrew Immerman is a partner in the Atlanta office of Alston & Bird, LLP, where he concentrates on federal income tax matters, including domestic and international tax planning and transactional work for joint ventures, partnerships, limited liability companies and corporations. He formerly served as chair of the Committee on Taxation of the ABA Business Law Section and as chair of the Partnership and LLC Committee of the State Bar of Georgia Business Law Section. He is also co-author of “Georgia Limited Liability Company Forms and Practice Manual”(2d ed. 1999, and annual supplements). Mr. Immerman received his B.A., magna cum laude, from Carleton College, his M.A. from the University of Minnesota, and another M.A. and his Ph.D. from Princeton University, and his J.D. from Yale Law School.
Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established an extensive real estate practice, including development, financing, leasing, and acquisition. Earlier in his career, he served as vice president and associate general counsel of The Rouse Company for 23 years. He is past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference. Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.
To Register:Cost $89.00
If you need additional information on your CLE credits please contact:
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Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; firstname.lastname@example.org