The Impact Of The Tax Bill On Real Estate
December 22, 2017
RCLCO- The "Tax Cut and Jobs Act" (TCJA) has passed, cutting corporate tax rates from 35% to 21%, with a goal of stimulating economic growth, encouraging investment and bringing back funds currently parked overseas to avoid taxation. The changes to the tax code affect a wide range of the economy, with particular provisions affecting real estate. These include shrinking income tax deductions for mortgage interest, effects on household purchasing power, more favorable treatment of pass through income benefitting income property owners, and the anticipated increases in the federal budget deficit, potentially influencing interest rates.
Related Article: Trump, GOP, & Commercial Real Estate Win Big With Tax Bill Victory
See full story here
See full story here
