I’ve heard that more than once. I have also heard that if I have a title search or title commitment which doesn’t identify any issues, I’m in the clear. Statements like these are shortsighted and show a misunderstanding of...more
They know who you are!
...Or, at least, come 2024, will know who you are. In addition to the federal Corporate Transparency Act, Pennsylvania’s new annual registration regime for entities commences....more
Many real estate investors in Pennsylvania have had an unpleasant surprise when they learn that the Commonwealth has never recognized the 1031 Tax deferred exchanges for Pennsylvania income tax purposes. After years of...more
Commercial real estate professionals and investors spent much of 2021 worrying about the continued availability of 1031 tax deferred exchanges for investment real estate. There were a number of proposals floating around...more
It has been well reported that earlier this week the initial $349 billion dollars dedicated for the Payroll Protection Program created by the CARES Act, had been fully allocated on a first come, first serve basis. We are...more
The Small Business Administration (SBA) has implemented an Economic Injury Disaster Loan program.
The program provides low or no interest loans up to $2MM for working capital needs or normal business operating expenses...more
Effective May 1, 2020, title insurance endorsement costs, as recommended by the Title Insurance Rating Bureau of Pennsylvania, will increase. All flat rate endorsements currently less than $250.00 will double....more
On January 1, 2020, the local realty transfer tax assessed on real estate conveyances in the City of Pittsburgh increased to 4.0%; meaning the aggregate realty transfer tax assessed on conveyances in the City is 5%....more
Have you considered purchasing a condominium unit but were scared off when someone warned you that obtaining a mortgage loan could be difficult? It seems like most real estate professionals have war stories about seemingly...more
For a lot of us, the first income tax year under the Tax Cuts and Jobs Act of 2017 is in the rearview mirror. Now is the time for you commercial real estate owners and investors to sit down and figure out how you utilized...more
5/23/2019
/ Capital Gains ,
Commercial Property Owners ,
Opportunity Zones ,
Pass-Through Entities ,
Property Tax ,
Qualified Business Income ,
Real Estate Investments ,
Section 1031 Exchange ,
Section 199A ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Planning
On February 1, 2018, the local realty transfer tax assessed for real estate conveyances in the City of Pittsburgh will increase one-half of one percent from 3.0% to 3.5%; meaning the aggregate realty transfer tax assessed on...more
Governor Wolf recently signed into law House Bill No. 1340 of 2015 which amends both the Uniform Planned Communities Act and Uniform Condominium Act. The two statutes are complementary and have substantially similar...more
Effective May 1, 2016, title insurance premiums and endorsement costs, as recommended by the Title Insurance Rating Bureau of Pennsylvania, will increase by 12% across the board. This increase applies to both the sale and...more
Mechanics’ Lien -
• An In Rem lien (against real property).
• For the payment of all debts due by an owner to a contractor (or by a contractor to his subcontractors) for Labor or Materials furnished....more