A respected expert in capital gain tax deferment demonstrates how DSTs can benefit homeowners and real estate investors selling highly appreciated properties.
(PRUnderground) November 12th, 2024
Founded in 2018, Capital Gains Tax Solutions helps individuals utilize a Deferred Sales Trust (DST) to defer their capital gains tax liability when selling high-value assets. Founder and CEO Brett Swarts helps his clients, who often expect to realize multiple millions of dollars in profit from these sales, use a DST to postpone realizing their gains and thus owing capital gains taxes on them. As the iconic Sandcastle Estate in La Jolla, CA is listed for $108 million, Swarts seeks to educate real estate investors about the unique benefits a DST offers in multi-million dollar real estate transactions.
With 20 years of experience in real estate investing, Swarts is no stranger to the world of real estate. Now a Deferred Sales Trust Trustee, he understands both the real estate market and the tax implications of capital gains from real estate sales. His three-step approach to these transactions helps ensure compliance with the United States tax code while allowing clients to defer capital gains taxes to pursue their financial goals.
The Sandcastle Estate, located at 1900 Spindrift Drive, is an iconic landmark along the La Jolla coast in California. The nearly 13,000-square-foot property stands on the edge of the rock face overlooking the ocean. The current owner, who purchased the land in 2009 for just over $18 million, built the house in 2015 and is now selling it for $108 million — a sizable increase.
“The sale of the Sandcastle is an excellent illustration of how DSTs help individuals defer capital gains taxes to gain liquidity and diversify their investments,” stated Swarts. “Given the purchase price of the land, plus the cost to build the house, let’s assume they bought it for $26 million and they’re selling it for $108 million. At that price, they would have $82 million in capital gains. In California, capital gains taxes on an investment property is roughly 37%. Without a DST, selling this house for $108 million would come with a capital gains tax liability of about $30 million.
“However, if the owner used a DST, the $82 million in capital gains would be in a trust set up the way they choose. That money could go into another real estate investment, a business, Bitcoin, or whatever they choose. When the owner does realize gains from the trust, they will owe capital gains taxes. But the deferred sales trust strategy allows investors to decide when that happens.”
Swarts and his team have helped thousands of individuals nationwide develop an exit strategy for their appreciated assets that helps them defer tax payments. Experts in navigating DSTs, the Capital Gains Tax Solutions team has a proven track record for compliance with national and California state tax laws. They offer their clients audit defense at no charge.
To learn more about a Deferred Sales Trust or how Deferred Sales Tax Solutions help individuals use DSTs to reach their financial goals, call 916-886-2986 or visit www.CapitalGainsTaxSolutions.com.
About Capital Gains Tax Solutions
Capital Gains Tax Solutions is a national Deferred Sales Trust (DST) Trustee impact organization. They aim to help people defer capital gains tax & eliminate estate tax on the exit of assets of any kind so their clients can preserve and then create more wealth and unlock freedom.
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