3.8% No reason tax. Thanks a bunch Health Care reform!
The new health care reform includes a number of disturbing items. If you are thinking of selling your long-term care or seniors housing facility, I would seriously look into doing so between now and the end of 2012. As it stands today, in 2013, there will be an additional 3.8% tax on gains from the sale of investment property. Consult your tax advisor, but if you are planning on selling in the near future, now would be an ideal time to determine market value before the new tax goes into effect.
What will the new tax mean for capitalization rates, return on equity and overall value. I don’t want to wait to find out. With lending back in the market, limited supply and stabilized value, please contact me at Ryan Saul for a confidential analysis.
If you are in the market to purchase, give me a call at 630-858-2501 to see what we currently have available to purchase.
PS – Let’s make a change….get out and vote on November 2!