Our team provides advice to clients on federal, state, and local tax issues that arise in connection with the acquisition, construction, ownership, financing, and disposition of real estate.
Acquisitions and Dispositions
Our advice often begins with evaluation of structures for tax-efficient acquisition and ownership of real estate, applying knowledge of U.S. taxation of domestic and foreign owners and investors in real estate, partnership taxation, taxation of REITs, unrelated business taxable income issues, state and local income taxes, sales tax, and realty transfer taxes. We also advise clients on contributions of façade and conservation easements.
We have extensive experience assisting clients in the tax-efficient disposition of real estate. Our work includes all aspects of simple and complex like-kind exchanges, installment sales, and structures to minimize state and local taxes.
We advise clients on federal, state, and local tax credits, including Low Income Housing Tax Credits, historic tax credits, and New Markets Tax Credits.
We work closely with our Housing Group assisting clients in creating tax-efficient vehicles for investment in and financing of affordable housing.
Ad Valorem Taxes
We are active in contesting real estate valuations for real estate tax purposes. Our team handles real estate tax exemption applications and appeals, as well as proceedings involving payments in lieu of tax by charitable organizations.
We have successfully represented clients in real property tax appeals for:
Land for commercial and residential development
Power stations (including nuclear generating facilities)
Our team assists clients in the defense of federal, state, and local tax audits and tax controversies.
We handle transfer tax matters in various jurisdictions and help clients structure transactions to minimize the effect of transfer taxes.