Commercial Investment Real Estate March/April 2013 - Page 34

In the wee hours of Jan. 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 and the tax changes that resulted will drastically alter the way commercial real estate professionals plan for major transactions. Additionally, tax provisions written into the Patient Protection and Af ordable Care Act, which went into ef ect Jan. 1, 2013, will af ect some taxpayers’ real estate decisions. T is synopsis focuses on the impact of ATRA and the Af ordable Care Act on real estate-related tax issues. Tax Rates by Shelly B. LaGroue, CPA, and C. William Barnhill, CCIM 32 March | April | 2013 For most taxpayers, ATRA makes permanent the individual income tax brackets and capital gains and dividends rates that were previously in place. Ordinary income tax rates remain the same and the tax rate on capital gains and dividends for most taxpayers stays at 15 percent. Commercial Investment Real Estate Learn how new laws could affect real estate decisions.