Florida Voters Approve Property Tax Cut Expected to Slash Billions in Local Revenue
The constitutional amendment will raise the homestead exemption and force Governor Ron DeSantis to call a special legislative session to implement the measure.
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Opportunity Zone Rules Rewrite Opens Tax Deferral to Stock and Business Sales
Congress extended the program past 2026 and now allows investors to defer gains from almost any sale, not just real property.
Treasury Proposes 18-Month Grace Period for Build-to-Rent Investor Purchases
Regulators take first step to implement investor restrictions from July housing bill, soliciting comment on rehabilitation thresholds and certificate-of-occupancy standards by Nov. 23.
Tax Court Limits Sysco Deductions After Varian Precedent
The food services company failed to distinguish its case from an earlier ruling that denied identical deductions on repatriated income.
Washington, D.C., Proposes Extra Property Tax on High-Value Second Homes
The legislation would impose additional levies on properties worth $2.6 million or more that are neither primary residences nor rented out.
More from Regulatory & Tax
IRS Clarifies Bonus Depreciation Rules as Cost Segregation Audits Rise
Notice 2026-11 follows permanent 100% bonus depreciation enacted in July 2025, while smaller investors face rising scrutiny over documentation standards.
IRS Ruling Narrows 351 ETF Conversions but Leaves Structured Deals Intact
Revenue Ruling 2026-20 targets conversions that seed funds with off-strategy securities, while the Treasury took no position on deals that contribute assets the ETF intends to hold.
Oregon Family Wins 1979 Tax Case That Shaped Delayed 1031 Exchanges
The Ninth Circuit ruled the Starkers could defer tax on a 1,843-acre sale even though Crown Zellerbach had five years to deliver replacement property.
Maryland Tax Court Strikes Down Digital Advertising Tax
The ruling found the levy violated the federal Internet Tax Freedom Act by targeting only electronic commerce.
Longpoint Partners Acquires 730,000-Square-Foot Florida Industrial Portfolio for $195 Million
The private equity real estate firm paid roughly $267 per square foot for the 10-property package in Miami-Dade County.
IRS Forms Dedicated Office to Resolve Conservation Easement Disputes
The agency announced Wednesday it is centralizing expertise to address hundreds of cases involving charitable deductions for conservation and historic preservation easements that have overwhelmed existing capacity.
Treasury Seeks Comment on Opportunity Zone Rules as States Finalize New Maps
New designations take effect January 2027 and are expected to reduce eligible zones by 26 percent from the original program.
Wynn and Ross Sue New York Over Second-Home Tax
The levy would impose surcharges on homes above $5 million and condos above $1 million when not used as a primary residence.
Tax Court Endorses Income Approach for Conservation Easement Valuations
The decision in a Los Angeles-area case reinforces legitimacy of a method the IRS has typically resisted in donated-property disputes.
New York City Delays $100 Million Tax Break for Tishman Speyer's Hudson Yards Tower
The Industrial Development Agency deferred a vote on property-tax incentives for the developer's $2.7 billion, 48-story office project at 99 Hudson Boulevard.
Data-Center REITs Face Income Test on Tenant Services
Prohibited service revenue can trigger deemed income at 150% of cost and disqualify rent treatment for an entire property if it exceeds 1% of gross income.
CFTC Awards $150 Million to Whistleblowers in Two Months
The agency's general counsel said it is having a record year for awarding tipsters as enforcement activity accelerates.
Senator Proposes Federal Excise Tax on Data Centers to Offset Energy Costs
Ron Wyden's white paper calls for reversing the tax breaks 40 states now grant to data center developers, citing $700 billion in facilities under development nationwide.
Alabama Developer Challenges IRS Disallowance of $78 Million Conservation Easement Deductions
The dispute centers on two easement deductions the agency rejected based on potential mining activity without adequate explanation, according to court filings.
Serial 1031 Exchanges Defer Capital Gains Indefinitely Until Death Erases Tax Bill
An investor who exchanged a duplex three times since 1994 into a $2 million property carries a 1994 cost basis forward and faces zero federal income tax on appreciation if heirs inherit at death.
Property Tax Bills Can Jump 200% After Sale, Crimping Returns
A property purchased at triple its assessed value can face triple the annual tax bill once reassessed, shifting NOI and wiping out more than half a million in valuation on a typical deal.
New York City Council Assails Pied-à-Terre Tax Rollout as Administration Skips Hearing
Mayor Mamdani's finance team declined to testify on the luxury-home surcharge, citing a pending lawsuit, while council members warned thousands of homeowners face proving residency to avoid the levy.
IRS Launches Trump Accounts With $1,000 Federal Contribution for Children
New tax-advantaged savings vehicles allow up to $5,000 in annual contributions and must track U.S. stock indexes.
Judge Halts New York Pied-à-Terre Tax After Homeowners Sue Over Erroneous Notices
The temporary order blocks enforcement of the surcharge on high-value second homes while the city appeals a lawsuit over letters sent to primary-residence owners.
Trump Tax Law Restores 100% Bonus Depreciation, Expands REIT Subsidiary Cap
Reconciliation bill signed July 4 permanently revives full expensing for qualified property and raises TRS asset threshold to 25%, reshaping planning for family-office real estate holds.
Treasury Expands Reporting Rules for Opportunity Zone Funds
New regulations require detailed project-level data on jobs, housing, and investment type as government evaluates tax benefits.
SEC Launches Enforcement Wave on Private Real Estate Fund Valuations
Exam staff are scrutinizing mismatches between internal marks and third-party appraisals as recent cases target inflated asset values.
SEC Turns Scrutiny to Real-Estate Funds as Private-Capital Enforcement Accelerates
Chair Gensler signals heightened review of illiquid structures, valuation practices, and fee allocations targeting family offices and high-net-worth investors.
Florida property tax amendment raises liability questions for non-homesteaded real estate
DeSantis-backed constitutional measure would cap assessment growth at 5% for investment properties while raising homestead exemptions, potentially shifting burden toward vacation homes and out-of-state holdings.
Florida Property Tax Proposal Would Cost Broward County $195 Million, Schools $294 Million
Newly filed bill proposing escalating homestead exemptions through 2028 faces fiscal analysis showing nine-figure revenue loss for local governments.
SEC enforcement action targets private real estate sponsor over disclosure failures
Regulator alleges occupancy overstatements and undisclosed conflicts in Regulation D offerings marketed to family offices and high-net-worth investors.
House Passes Bipartisan Housing Package With Implications for Private Real Estate Investors
Overwhelmingly approved legislation includes tax, grant, and regulatory reforms that touch zoning incentives, density bonuses, and public–private partnership structures.
Treasury Moves to Finalize Opportunity Zone Rules as Program Deadlines Near
Updated regulatory agenda addresses investor compliance concerns on disaster extensions, anti-abuse provisions, and property qualification tests.
IRS Clarifies Pass-Through Deduction Rules for Real Estate Holdings
New administrative guidance addresses rental-activity thresholds, aggregation standards, and documentation requirements for investors claiming real estate professional status.
Cost Segregation and 1031 Exchanges: How Family Offices Layer Tax Strategies in Real Estate
Engineering-based depreciation studies paired with like-kind exchanges let investors accelerate deductions while deferring capital gains, even after TCJA narrowed exchange eligibility.
SEC Files Enforcement Action Against Real Estate Adviser Over Property Valuation Practices
Regulator alleges registered investment adviser misled private fund investors by inflating net asset values through outdated appraisal assumptions and selective pricing inputs.
IRS Grants Filing Extensions to Texas Real Estate Investors After Severe Storms
Federal tax authority extends deadlines for income, estimated, and payroll returns in FEMA-designated disaster areas, with automatic penalty abatement for qualifying taxpayers.
Europe's Tax Competitiveness Gap Widens as Growth Lags Global Rivals
New research links corporate tax structure to GDP growth as EU faces 1.4% expansion while Asia, Africa surge ahead
Corporate Tax Design, Not Just Rates, Drives EU Growth as Region Lags Global Peers
New research links competitive tax systems to measurably higher GDP growth, as European economies face 1.4% expansion against 4%+ in Asia and Africa.
Treasury Targets Private Real Estate Lenders in New Money-Laundering Warning
Department floats Bank Secrecy Act–style reporting for non-bank financiers as regulatory net widens beyond traditional lenders.
IRS Clarifies Opportunity Zone Rules as Program Enters Maturity Phase
Federal guidance updates maintain tax incentives for distressed-area investment created under the Tax Cuts and Jobs Act of 2017.
White House Budget Targets 1031 Exchanges and Carried Interest in Fresh Push
Biden administration renews effort to cap like-kind exchange deferrals and tighten private fund rules, drawing immediate pushback from industry groups.
1031 Exchanges Face New Scrutiny as Lawmakers Debate Caps
Proposals to cap like-kind exchange deferrals could reshape family-office tax planning across multi-generational property portfolios.
Estate Tax Sunset Looms, Family Offices Race to Lock In Gifting Strategies
With the federal estate-tax exemption set to revert in 2026, family offices are accelerating gifting and grantor-trust strategies.
Zillow Settles FTC Claims It Paid Redfin to Limit Apartment-Listing Competition
The order resolves antitrust litigation tied to a partnership regulators said harmed competition in the online rental market.
Treasury Maps Opportunity Zone 2.0 Transition as Original Program Expires
Notice 2026-40 sets December deadline for OZ 1.0 deferred gains and opens limited 2027 window for new investments under extended program.
IRS Clears Path for Opportunity Zone Projects in Expiring Census Tracts
New transition guidance allows property acquisitions in OZ 1.0 tracts after year-end if working capital plans are in place by December 31.
IRS Details Tax Changes Under Working Families Tax Cuts, Introduces Trump Accounts
New legislation creates government-seeded investment accounts for children, expands health savings account eligibility, and accelerates business property deductions.
Florida property tax amendment could cut St. Johns County revenue by $113 million
County officials warn November ballot measure may force budget squeeze on police, fire and infrastructure as homestead exemptions expand and assessment caps tighten.
Illinois Overhauls Property Tax Sales to Return Surplus Proceeds to Former Owners
New legislation aligns the state with a 2023 Supreme Court ruling prohibiting governments from retaining windfall profits after tax foreclosures.
Goldman Sachs to Acquire Net-Lease Manager LCN Capital for $260 Million
The investment bank will pay up to $150 million more in deferred and contingent consideration tied to the deal, which expands its sale-leaseback platform.
Treasury Proposal Targets Anonymous Real Estate Ownership Through Shell Companies
New beneficial ownership disclosure rule aims to close long-standing gaps in anti-money laundering oversight for property transactions.