Tax – Favorable Real Estate Transactions
Texas doesn’t have a particular state-specific property tax. Local taxing bodies, including counties, school districts, and municipal corporations determine property tax rates based on the value of income generating tangible property.
As a real estate agent in Texas, one very important job that you need to do is advice your clients on how best to minimize tax liabilities and maximize earrings on real estate investments.
This 4-hour course on Tax Favorable Real Estate Transactions by e-RealEstate-Training, is designed to introduce students to the property taxes applicable in the state of Texas. The course helps students understand how to assist their clients in making property purchase or sale decisions in a tax-favorable environment.
The course modules include the following topics:
- Types of property taxes
- Types of property tax benefits and advantages available
- Eligibility criteria for property tax benefits
- Introduction to qualified and non-qualified tax products, such as IRAs, SEP IRAs, 401(k) s, Roth IRAs and charitable gift annuities
- Introduction to the 1031 exchange program
- Accumulation of interest on tax-deferred basis
- Parties to and benefits of tax-deferred exchanges
- Definition and characteristics of boot
The objective of the course is to enable students to provide their clients value-adding and actionable guidance in real estate investment. Post-completion of this course, learners will have the knowledge and the skills needed to serve their clients.
As real estate agents, you will be able to advise your clients where they need to make property investments and how much. You will be able to assist clients in making tax-favorable real estate transactions and create long-standing value for them.
The course consists of both theoretical concepts and practical examples. The examples are derived from real-life incidences and are tied to various modules in the course. Students are also provided quizzes and case studies which they need to work on, to successfully complete the course.
The Tax Favorable Real Estate Transactions is designed to suit the requirements of industry novices and veterans alike.
- Course Delivery Online Interactive
- Credit Hours 4 hours
- Credit Type General
- Skill level All levels
- Language English
- Maximum students 1000
Upon completion of this course, the student will be able to:- Identify motivated buying and selling clients.- Outline the attributes of qualified and non-qualified products and how they can benefit to the sales process.- Describe the restrictive rulings of the 1031 exchange program.- Explain how money can be accumulated using pre-tax dollars, accumulating interest on a tax-deferred basis and creating litigation protection.- State charitable strategies for creating income and tax relief for individuals or families owning highly-appreciated real estate.- Describe charitable gift annuities and the annuity payments, income benefits and tax advantages associated with them.- State the parameters that the IRS uses to define a valid ‘like kind- exchange.- Explain the advantages and disadvantages of various exchanging alternatives.- Outline the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.- Identify common exchange documentation and describe the role of a qualified intermediary.- Define boot and explain how to deal with it.- Calculate whether a sale is preferable to an exchange.