Brett Silkebakken’s Post

What is an ADU?🏡 • ADUs are an innovative, affordable, effective option for adding much-needed housing! • Building an ADU increases your property tax • With an ADU you can increase property value and rent out for extra income Hope this information helps, reach out with any questions you may have!

What is an ADU?🏡 • ADUs are an innovative, affordable, effective option for adding much-needed housing! • Building an ADU increases your property tax • With an ADU you can increase property value and rent out for extra income Hope this information helps, reach out with any questions you may have!

What is an ADU?🏡 • ADUs are an innovative, affordable, effective option for adding much-needed housing! • Building an ADU increases your property tax • With an ADU you can increase property value and rent out for extra income Hope this information helps, reach out with any questions you may have!

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. There’s a strategy to consider that allows favorable long-term capital gain tax treatment (rather than ordinary income treatment) for all the pre-development appreciation in the value of your land. 1) Establish an S corporation. 2) Sell the land to the S corp. 3) Have the S corp develop the land and sell it off. Several rules and limits apply, so this isn’t a DIY project. Contact us for assistance and to avoid pitfalls. https://bit.ly/4avKyD1

If you’re fortunate enough to own vacant land that has appreciated greatly, you may want to sell it. But how much will you pay in tax and is there any way to reduce the tax bill? Here’s a strategy to consider. #SellingLand #TaxStrategies #VacantLand

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. There’s a strategy to consider that allows favorable long-term capital gain tax treatment (rather than ordinary income treatment) for all the pre-development appreciation in the value of your land. 1) Establish an S corporation. 2) Sell the land to the S corp. 3) Have the S corp develop the land and sell it off. Several rules and limits apply, so this isn’t a DIY project. Contact us for assistance and to avoid pitfalls. https://bit.ly/4avKyD1

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. There’s a strategy to consider that allows favorable long-term capital gain tax treatment (rather than ordinary income treatment) for all the pre-development appreciation in the value of your land. 1) Establish an S corporation. 2) Sell the land to the S corp. 3) Have the S corp develop the land and sell it off. Several rules and limits apply, so this isn’t a DIY project. Contact us for assistance and to avoid pitfalls. https://bit.ly/3WP9ylq

How a $500 tax break gets rental housing built in Kelowna Contact me to discuss the latest scoop in real estate! #michalgook #gokelownahomes #kelownahomes #kelownarealestate #kelownarealtor #realestate #realtor #kelownainvesting

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. There’s a strategy to consider that allows favorable long-term capital gain tax treatment (rather than ordinary income treatment) for all the pre-development appreciation in the value of your land. 1) Establish an S corporation. 2) Sell the land to the S corp. 3) Have the S corp develop the land and sell it off. Several rules and limits apply, so this isn’t a DIY project. Contact us for assistance and to avoid pitfalls. https://bit.ly/4avKyD1

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. There’s a strategy to consider that allows favorable long-term capital gain tax treatment (rather than ordinary income treatment) for all the pre-development appreciation in the value of your land. 1) Establish an S corporation. 2) Sell the land to the S corp. 3) Have the S corp develop the land and sell it off. Several rules and limits apply, so this isn’t a DIY project. Contact us for assistance and to avoid pitfalls. https://bit.ly/3WP9ylq