Is a Low Property Tax Basis Keeping You From Moving?

Rick Bell of Alain Pinel Realtors in Los Altos interviews Dennis Young (CPA) of Craig, Young & Co., LLP regarding the guidelines and process under which one may be able transfer the property tax basis from their personal residence to a new residence following the sale of their home. It's a common perception that relocating or downsizing would be too costly due to the loss of a low property tax basis, but there is a means for transferring one's property tax basis intra county and to cooperating counties within California.

As an alternative, Dennis and Rick discuss a strategy for utilizing the proceeds of the sale of a personal residence in purchasing an investment property, presumably to create income and the tax implications.

View Rick's complete video interview on Transferring One's Personal Residence Property Tax Basis to a New Residence with Dennis Young HERE.

Rick Bell and his wife and business partner Suzanne are real estate agents at Alain Pinel Realtors in Los Altos and the authors of RickandSuzanneBell.com. You will find additional interviews regarding real estate, finance and public interest topics at RickandSuzanneBell.com

Rick & Suzanne

Alain Pinel Realtors | Los Altos |CA
650-209-1513
01051633 | 01422075