michael e. v. knight’s Post

How to calculate compensation under land acquisition Act 2013

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/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/4avKyD1

Give Landowners a break - a tax break? ‘It’s just not worth selling my land’ …. Is probably the most disappointing thing a landowner can say to a development agent. You’ve worked hard to maximize the design, optimize the units, squeeze buyers and generally extract as much value out of the site as possible. But frustratingly I can see their point. After tax it’s not terribly enticing; especially in lower value and/or highly competitive areas.  I sit with landowners every week, if not daily, and explain the dark art of valuing land in an ever changing world. Yet it feels like we are always driving land values down due to obligations imposed by others. And I am the first to endorse Affordable housing, I understand the need for CIL, if not agreeing with some £sqm rates, and who doesn’t love the idealistic BNG areas we are all creating. But it does feel like landowners are taking the brunt of these obligations.  Especially impactful is affordable housing and BNG. Then taxation on what’s left.  If we want to unlock more land, and not just greenfield land, we need a system that acknowledges the cost implications of these policy compliant obligations rather than expecting landowners to horse-trade away the obligations they don’t want to be obligated to on ‘viability’ grounds - that doesn’t sit comfortably with me. 40% Affordable, 10% BNG, 24% CGT is too much. Perhaps it’s time to introduce a Policy Compliant Land Relief?  _ #newhomes #landandnewhomes #developers #developments #sussex #estateagents #commercialagents #planning #planners #architects #architecture #showhomes #land #landandnewhomesorganisation #taxation #BNG #affordable

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— 1️⃣ Establish an S corporation. 2️⃣ Sell the land to the S corp. 3️⃣Have 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! 📞 #hamptonroadsaccounting #AccountingInsights #smallbusinessaccounting #accounting #accountingfirm #newportnewsva

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

🏡 New home, new expenses! Learn about closing costs, down payment, land transfer tax, lawyer fees, and more before moving! 💰📦 📱 519-960-0350  📧 jordan@silvesters.ca 💻 jordansilvester.com #Homebuying #MovingTips #NewHomeCosts #Budgeting #RealEstateTips

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

Land grading and #property_valuation_criteria across all 2500 cities in the country are set to be formalized as a 51-page standard manual by the Ministry of Urban & Infrastructure to assess #real_property_value targets, increased public revenue and harmonized measurements for the looming property tax. https://lnkd.in/eNHWKBcn