Long Beach Island Real Estate Bulk Sales
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Bulk Sales 
LBI Real Estate Bulk Sales 
LBI Real Estate Bulk Sales
Long Beach Island Real Estate
An LBI real estate bulk sales is a tax withholding by the State of New Jersey to ensure that a business has paid its taxes when the deal is outside the business’s ordinary course. When such a sale occurs, it must be reported to the State of New Jersey, who may hold a portion of the sale proceeds to ensure no tax liability. This helps to protect the purchaser from any owed tax. The Long Beach Island real estate market sees a lot of new construction sales so making sure the proper protections are in place is essential.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Bulk Sales
LBI real estate bulk sales should be reviewed with an attorney and tax professional. Sometimes, the State of New Jersey can be very aggressive in their estimated holdings and retain a larger percentage of the sale proceeds. Other times, the State will issue a clearance letter showing that no tax is due. The most common bulk sales application in the Long Beach Island real estate market is when a business is sold. For example, a restaurant sells the business, assets, and real estate to another restaurant, or when an LLC is formed to buy and flip a property. Some timelines have to be met to ensure that all filings are in place before closing.
Long Beach Island Real Estate Bulk Sales
Selling a home or business in the Long Beach Island real estate market can have significant tax consequences. Bulk sales are but one example of this. Therefore, anyone looking to buy, sell, or invest in the real estate market should be well aware of how it will impact them financially. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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