In this podcast, Perch Wealth describes how potential changes in tax laws proposed by President Biden could have significant effects on the commercial real estate industry. Real estate is often seen as a tax-advantaged investment, with the 1031 exchange program being a key tax-saving strategy for investors. This program allows investors to defer paying capital gains tax when they reinvest the profits from a property sale into a similar property. However, the proposed changes would mean that any proceeds from a real estate sale over $500,000 would be subject to capital gains tax. This would result in less money for investors to reinvest and could lead to a decline in real estate transaction volume, as well as potentially reducing liquidity in the market. While these changes aim to make large corporations and wealthy individuals pay more taxes, it could have unintended consequences on small businesses and individual investors who primarily benefit from the 1031 exchange program.
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