In a recent Inman News article it was stated that owners of luxury property are likely to see future changes in the tax code raising taxes on the wealthy.  These proposed changes are motivating a number of ultra high-net-worth individuals to sell before the changes take effect.

President Joe Biden is proposing these modifications to the tax code  as a way of funding the $1.8 trillion America Families Plan to help families with young children struggling with poverty.

Read the Inman News article below for all of the details.

Inman News – Proposed Capital Gains Tax Increase . . . 

If you are thinking of making a change and selling a property, let’s chat.  There is information we should discuss.