Qualified Commercial Tenants
Partnering with 501(c)(3) nonprofits that meet California’s Qualified Commercial Tenant criteria can offer landlords stable occupancy, reputational value, and potential tax benefits.
Tag Archives: Church Real Estate
Galvanized Plumbing
Beware of old galvanized plumbing and the potential for leaks and/or poor water pressure caused by corrosion.
The California Mills Act
Enacted in 1972, the Mills Act encourages the preservation and maintenance of Qualified Historic Structures by reducing property taxes
Protecting Property: A Guide to Deed Fraud Prevention and Detection
Deed fraud, often referred to as “property theft” or “title theft,” has emerged as a significant threat to property owners, particularly in urban areas with high real estate values.
Title Holding Corporations: Understanding 501(c)(2) Tax-Exempt Status
A 501(c)(2) organization refers to a type of tax-exempt entity under the Internal Revenue Code (IRC) as a title-holding corporation or trust that is organized for the exclusive purpose of holding title to property
Understanding the Williamson Act: California Property Tax Explained
The California Williamson Act, also known as the California Land Conservation Act of 1965, is a program designed to preserve agricultural and open-space lands by offering landowners tax relief in exchange for a long-term commitment to keep their land in agricultural or related uses.
Creating Prescriptive Easements: A Guide to Property Rights and Usage
California Land Conservation Act of 1965, is a program designed to preserve agricultural and open-space lands by offering landowners tax relief in exchange for a long-term commitment to keep their land
What is a Probate Referee
Probate referees are individuals appointed by the California State Controller as an officer of the court to appraise and determine the value of assets in an estate when someone passes away. This ensures that the assets are properly evaluated for tax purposes and equitable distribution among heirs. Probate referees are impartial and independent professionals with expertise in appraising various types of assets like real estate, stocks, bonds, and personal property. Purpose of a Probate Referee: Ensuring Accurate Asset Valuation The primary duty of a probate referee is to appraise and […]
1031 Exchanges Basics – A Comprehensive Guide to Tax-Deferred Property Transactions
Named after Section 1031 exchanges of the Internal Revenue Code (IRC), a 1031 exchange is a tax-deferred transaction that allows an investor to sell a property and reinvest the proceeds in a new property of like-kind without paying capital gains taxes on the sale at the time of the exchange. This provision applies to real estate and certain other types of property held for productive use in a trade or business or for investment. The tax liability is essentially rolled over into the replacement property. It’s important to note that […]