Practical Advice Regarding Entity Formation and Transaction Structures
Working closely with our Tax Practice Group
, we design tax-efficient acquisition, investment, and disposition structures for real estate transactions to minimize federal and state income tax as well as state and local transfer and recordation taxes. Involved from a project's inception, Buchanan counsels its real estate clients regarding tax-efficient entity formation and anticipates our clients' exit strategies and long-term tax needs.
Maximizing the Benefit of Federal and State Tax Credits, Abatements and TIFs
Our Real Estate Practice Group and Government Affairs Group
have significant experience with a full array of federal and state tax credits, as well as local tax abatements and incentives. This knowledge allows our attorneys and government relations professionals to work closely with clients to optimize savings and minimize tax exposure in real estate transactions. Specifically, our Firm has provided clients extensive guidance in obtaining New Market Tax Credits, Historic Tax Credits, Low Income Housing Tax Credits, and Renewable Energy Tax Credits, obtaining real estate tax abatements for new construction, securing Tax Increment Financing for new projects, and locating projects in tax-preferenced enterprise zones.
Experience Navigating the Real Estate Tax Appeal Process
Buchanan has national experience assisting our clients – from Fortune 50 companies to local developers – obtain the lowest possible real estate tax burdens through the appeal process. We handle appeals for every type of commercial property – office buildings, industrial facilities, warehouses, shopping centers, apartment complexes, mixed-use developments, healthcare facilities, corporate headquarters, and casinos.
Proven Knowledge of Real Estate Tax Exemptions
Working closely with our Litigation Practice Group
, we handle sophisticated real estate tax exemption matters for our non-profit clients to ensure their charitable, educational, social and religious missions are reflected in their real estate tax burdens. Buchanan has extensive experience handling real estate tax exemption applications, appeals, and negotiation of Payment In Lieu of Taxes agreements on behalf of universities, health care providers, religious institutions, and other nonprofits.