The July LANDTHINK Pulse revealed 76.37% of respondents feel strongly that tax breaks (tax free exchanges, capital gains, etc.) should continue for real estate investors. Real estate is an integral part of a sound investment portfolio, and it’s the simplest way to build wealth and reduce taxes. Current tax reform proposals, however, have some of the prized real estate tax breaks that entice investors, facing elimination. The proposed tax-overhaul could eliminate the 1031 exchange, repeal/limit the mortgage interest deduction, and place drastic limits on capital gains exclusion.
Last month, the July Pulse asked: Should the government continue to give tax breaks (tax free exchanges, capital gains, etc.) to real estate investors?
It was the general consensus of the LANDTHINK audience that tax breaks for investors should continue. An overwhelming 76.37% said “YES”, government tax breaks SHOULD continue, while a mere 23.63% said “NO” they SHOULD NOT continue. Those answering “YES”, in favor of tax breaks, likely feel the continuance is vital to encourage economic stimulation. Many feel the proposed changes might lead to lower real estate values, by prompting investors to flee the market. Those answering “NO” are likely among those who believe tax breaks disproportionately benefit the wealthy.
Here are the final results:
- 76.37% said YES, the government should continue to give tax breaks to real estate investors
- 23.63% said NO, the government should not continue to give tax breaks to real estate investors
Thank you to everyone who participated and shared the Pulse with friends and connections in the land industry.
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