Tom St. Jean has spent almost 18 years focusing on a single section of the tax code: Section 1031. The code allows taxpayers who sell investment and other types of property to defer capital gains by reinvesting in real estate – as long as they follow all the rules.
Is the price of Greater Boston real estate unfairly high? Are we about to see a correction? These questions ought to weigh heavily on investors’ minds, particularly now as arguments (at least among landlords) seem to intensify.
National Development’s investment management arm Charles River Realty Investors said in a statement released Tuesday that it has closed its fourth fund after raising $400 million and will be combining with its Newton-based parent to form a vertically-integrated real estate investment, development, construction and operating company.
When the Tax Cuts and Jobs Act was enacted in December 2017, some predicted that an unknown provision creating so-called “Opportunity Zones” could be one of the most popular aspects of tax reform.
