What is Capital Gains on commercial real estate?
Marc Perlof • January 6, 2023
Capital gains is a tax that one pays based on the difference between the basis of one property and the sale price of a newer property. The tax rate is based on your filing status and the gain amount, and can either be 0%, 15%, or 20%. https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates#2022-capital-gains-tax-rates-1032099269
*Always talk with your Accountant or Tax Advisor to further understand Capital Gains.
Council wants Downtown entertainment zone to be ‘bigger, broader better’ City Council members unanimously directed staff to develop a more ambitious entertainment zone for the Third Street Promenade this week, rejecting a limited pilot program in favor of a permanent, seven-days-a-week allowance for open container alcohol consumption throughout the area.
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Sam’s Club in big store remodeling and expansion move Sam’s Club is ramping up its expansion along with its investments in existing stores.
