The bet9游戏平台 team of 房地产 planning professionals provide an 房地产s and trusts 税 update for November 2021.
We are all familiar with the old proverb that nothing in life is certain but death and 税es. While this may have held true in Benjamin Franklin’s time, there is little certainty in 税es today. Just four years after the Tax Cuts and Jobs Act (“TCJA”) brought about the most sweeping overhaul to the 税 code in over three decades, Congress has once again set its sights on changing the playing field.
9月12日, 2021, the House Ways and Means Committee introduced a series of proposals to be included in President Biden’s budget reconciliation bill known as the “Build Back Better Act.” The initial bill included various proposals that would significantly impact the opportunities for 房地产 and gift 税 planning that exist under the TCJA framework. 这些变化包括礼物的减少, 房地产, 以及代际转移(“GST”)豁免, 影响授予人信托的规则发生重大变化, 以及不允许非商业资产的估值折扣.
Negotiations on the Build Back Better plan are ongoing, and the current $1.75 trillion package is roughly half the size of the bill envisioned back in September. 令许多遗产规划专业人士感到惊讶的是, the most recent version of the legislation omits the above proposals, 遗产税制度几乎没有改变. 尽管这对纳税人来说暂时是个好消息, it is important to remember that this does not mean that individuals considering 房地产 planning should cancel appointments with their advisors.
第一个, 即使最终立法没有改变遗产税制度, 增加的免税额为11美元.7 million are only temporary and will revert to pre-TCJA levels in 2026 even without Congressional action. Individuals should be mindful of how this sunset could affect their 房地产 planning objectives.
第二个, although the 房地产 税 provisions have not been incorporated into the current bill, 某些不利的所得税规定保持不变. 作为所谓的“百万富翁附加税”的一部分,” a sur税 of 5% would be imposed on 房地产s and irrevocable trusts with income greater than $200,500美元外加3%的附加税,000的收入水平. This sur税 would create an additional layer of complexity when planning for trusts.
Finally, it is important to remember that we remain in an environment of significant uncertainty. Although the unfavorable 房地产 税 provisions do not appear in the current version of the legislation, these provisions have already been drafted and it would not require significant effort to “cut and paste” some or all of them back into final legislation. It is also possible that they reappear in a future legislative process following the 2022 and 2024 elections.
There are several 房地产 planning techniques that are well suited to this uncertain environment. We encourage you to reach out to us to discuss which planning opportunities may work best for you and your family.
关于施耐德唐斯地产、信托和继任计划
bet9游戏平台 is uniquely positioned with a diverse team of credentialed professionals, 包括注册会计师, cfp, llm, 工商管理硕士, JDs, and non-practicing attorneys who are committed to comprehensive service. 从商业实体继任计划到遗产管理, bet9游戏平台 professionals can synthesize the most complex financial situations to develop an effective, 定制的, 节税的遗产和继承计划.
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