How To: Understand Tax Reform & Its Impact on Real Estate
February,28 2018Federal tax reform, which was signed into law December 22, sets a deductions cap for income, sales and property taxes at $10,000. The new cap is leading more residents of states with high property values and state income tax to purchase properties in states such as Florida, which has no state income tax and a pro-business tax structure.
On Monday, February 26, Mike Farra, Chairman of the Tax and Accounting Department of Miami-based MBAF, hosted an intimate conversation for Cervera agents to explore the new tax reform and its impact on real estate.
Watch the conversation in full below.
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