Ever since the 2016 Presidential election, there has been increased focus on the prospect of tax reform. While broad outlines of various proposals were made public, they provided too little detail for the real estate industry to evaluate their impact and left many questions open. With the release of H.R. 1 by House Ways and Means Chairman Kevin Brady, we finally have a detailed proposal that answers some of the open questions.
This Tax Insight explains how H.R. 1 would answer some of the key questions that participants in the real estate industry have been asking, as well as some new questions raised by H.R. 1
Real Estate Tax Leader, PwC US