Many aspects of tax law are important to real property transactions. For homeowners, the home mortgage interest deduction from state and federal taxes is extremely important. For investors, the rules relating to capital gains or losses, and Section 1031 exchanges, are often critical. For all property owners, local property taxes are a major issue. This section gives the basics of tax laws applying to real estate.
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Gibson Law, PC specializes in real estate, business litigation and bankruptcy law. We are located in Warner Center, just off the 101 freeway in Woodland Hills, California. We represent business owners, real estate investors, mortgage brokers, landlords, developers, contractors, homeowners and individuals. Most of our litigation practice is in Los Angeles Superior Court, although we also appear in U.S. District Court and in Superior Courts around the state of California. We also handle appeals before the California Court of Appeal. Our bankruptcy practice includes both debtor and creditor representation, consumer and business cases, Chapters 7, 13 and 11.
In practice since 1983, our principal, Richard Gibson, has taken several dozen civil cases to trial in California Superior Court, Arizona Superior Court and in U.S. District Court. He has won a number of six and severn figure verdicts and settlements for both plaintiffs and defendants. He has also confirmed a number of contested Chapter 11 plans. Mr. Gibson is a frequent writer and speaker on real estate and bankruptcy law topics.