Tax Management- Selling property to buy business
I am selling a property to raise capital to fund future acquisitions. Through my research, i came across a tax-efficient structure to execute this. 1. Start a C Corporation and move the property as an asset under the C corp. This is considered as a taxable event. Structure this as an installment sale so that you can spread the payments from the C Corp to you personally over few years. 2. C Corp to sell the property and raise cash. 3. Leverage the cash to buy a business. 4. Use the proceeds of the business to continue paying the installment to you from C Corp. As I am getting paid in installments, I continue to pay the capital gains tax based on my tax bracket that year. I understand there are a few caveats to this. Has anybody done this?. Any recommendations on tax consultants or attorneys who can help structure this right.