Do you own rental property, land or a second home?
- Are you tired of maintenance,taxes or tenant problems?
- Do you want to reduce your capital gain tax liability?
- Would you like to avoid the selling process and closing costs?
- Do you want to save money on your taxes?
Our Real Estate Transfer Program provides these benefits:
- Immediate income tax deduction
- Partial elimination of capital gain
- Paid up-front closing costs and realtor fees (we are typically able to absorb the closing costs by adjusting the payout rate)
- Fixed tax-favored income for life or a specified number of years
- Immediate or deferred income payments
- Reduction or elimination of applicable estate tax
- Reinsurance on most transactions
- The ability to support your favorite charities and other charitable causes worldwide
Example:
James and Sandra Johnson, ages 75 and 74,would like to use their land to generate income for themselves and/or their heirs. Their land is valued at $250,000 and has a cost basis of $75,000.
James and Sandra can transfer their property into a Charitable Gift Annuity (CGA) or a Charitable Installment Purchase (ChIP) in the amount of $250,000, which would provide:
| CGA (Lifetime Income) |
ChIP (25 Year Payout) |
|
| Immediate Income Tax Deduction | $88,091 | $115,066 |
| Tax Savings | $22,023 | $28,767 |
| Annual Payout | $14,500 | $11,508 |
| Total Payout | $261,001* | $287,700 |
| Capital Gains Eliminated | $61,667 | $80,546 |
| Capital Gain Tax Savings | $9,250 | $12,082 |
*Annual payments continue for life.
Total payout based upon life expectancy.
