This week, I'm vlogging about taxes. As markets re-set and lenders take back properties, commercial borrowers may face the problem of recapture. Recapture is a tax issue that can result in a tremendous amount of phantom income. Talk to your lawyers and accounts before you walk away from a non-recourse debt. Your lender may not have recourse, but you might still have a tax liability.
To view the full article, click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
