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Archive for the ‘Real Estate Tax’ Category

Charles Egerton and Edward Waters on the Tax Consequences of a Mitigation Bank in the Journal of Passthrough Entities

Published: June 1st, 2018

By: Edward A. Waters Charles H. Egerton

Charles H. Egerton and Edward A. Waters, attorneys in Dean Mead’s Tax Department co-authored the article, “Update of the Tax Consequences of the Formation and Operation of a Mitigation Bank”, published in the Tax Tip column of the Journal of Passthrough Entities, Volume 21, Issue 3, May-June 2018, a publication of CCH.

IN THE ZONE – The Opportunity Zone

Published: May 31st, 2018

By: Brian M. Stephens

Tax Reform Opens New Possibilities for Florida’s Real Estate Investors Ask a 6th grade student about the secret to successful real estate investments. The parroted answer might be – “location, location, location”. Ask a seasoned real estate developer the same question. The answer may be similar but with a slight refinement – like “find the […]

Chambers USA 2018 Recognizes Six Dean Mead Attorneys for Legal Excellence

Orlando, Fla. – Dean Mead has been ranked among the top Florida law firms in Chambers USA 2018 America’s Leading Lawyers for Business, an annual publication by Chambers and Partners. The rankings include six of the firm’s attorneys in the categories of Tax and State and Local Taxation. The attorneys receiving the prestigious recognition include: […]

Commercial Landlord and Property Manager Alert: Complying with Florida’s New Rent Tax Rate

Published: December 21st, 2017

By: Mark E. Holcomb Vicki L. Berman

The Florida Legislature reduced the state commercial rentals tax rate from 6% to 5.8% for rental periods beginning on or after January 1, 2018. This article guides commercial landlords and property managers in complying with that rate change.  While the reduced tax rate applies to commercial rental consideration, it does not apply to other charges […]

The Florida Commercial Rent Tax: Four Traps for the Unwary

Published: March 28th, 2017

By: Robert S. Goldman

As the only American state with a sales tax on commercial rentals, Florida has a history of presenting businesses with unwelcome surprises in the form of audit assessments. What follows below is a summary of the top four misunderstandings that create taxpayer exposure. Tax base is broader than just “rent.” The measure of tax is […]

Tax Court Holds that Sale of Real Property Resulted in Ordinary Income Rather than Capital Gain

Published: August 26th, 2015

By: Stephen R. Looney

In Fargo,[1] the Tax Court held that a couple had ordinary income from a property sale by a partnership in which they were partners because the property was sold in the ordinary course of business.  The taxpayer, husband and wife, were partners in Girard Development, L.P. (GDLP), an entity subject to the partnership procedures under […]

Dates Announced for 2015 Florida Agriculture Financial Management Conference

Published: May 29th, 2015

Orlando, Fla. – The executive committee of the Florida Agriculture Financial Management Conference (FAFMC) recently announced the dates for this year’s conference on August 27-28, 2015 at the Omni Orlando Resort at ChampionsGate. Some of the nation’s leading agricultural and economic experts will be in Orlando to address financial strategies impacting one of Florida’s top […]

Tax Court Denies Conservation Easement Deduction Because Property Did Not Constitute a “Qualified Real Property Interest”

Published: March 25th, 2015

By: Stephen R. Looney

In Balsam Mountain Investments, LLC,[1] the Tax Court took a very restrictive view of what qualifies as a “qualified real property interest” under Section 170(h)(2)(C), in granting summary judgment in favor of the IRS disallowing a charitable contribution deduction for a conservation easement. In 2003, Balsam Mountain Investments, LLC executed a perpetual conservation easement agreement […]