Swan Land Company - Blog

Saving Taxes on the Sale of a Farm or Ranch
11/05/2013
Posted by
Swan Land Company

There are many important financial issues to be aware of when selling a farm or ranch.  Planning for a sale with a team of advisors well in advance of a sale is critical for identifying these issues and for implementing strategies to effectively deal with them.  One of the biggest issues is the income tax that can result from a sale.

Selling highly appreciated (or depreciated) property can result in a large tax bill.  Taxes due on the sale may range from 20% to over 50% of the sale price depending on the cost basis of your property and how your property is owned.  Prior to listing your property, it is wise to have a CPA perform a tax projection on the sale.  Having an estimate of the tax bill you would face is valuable information when considering tax-saving strategies.

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Little Known Historical Facts of ... Big Timber, Montana
10/22/2013
Posted by
Swan Land Company

During the 1800’s the land near present-day Big Timber, Montana was somewhat of a cross roads for the Indians of the region.  The first white men know to be in the area were William Clark and his Corps of Discovery.  As noted in Clark’s journal, “Rivers Across” refers to where the Boulder River and Big Timber Creek empty into the Yellowstone River just north of Big Timber.  Between 1860 and 1880 the Indians gave way to trappers, traders, and settlers discovering the abundant opportunities this fertile area had to offer.

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IRC Section 1031 Exchange: A Powerful Financial Tool For Families Selling A Farm or Ranch.
10/09/2013
Posted by
Swan Land Company

The IRC Section 1031 Exchange is one of the most powerful tax saving and wealth building tools available for people selling highly appreciated real estate.  A properly structured 1031 exchange allows a family selling a farm or ranch to sell land, to reinvest the proceeds in other “like-kind” real estate, and to defer capital gain taxes.

To quote the tax code, IRC Section 1031 (a)(1) states:  "No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment."

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Bugling Elk on the Lazy J Ranch
10/02/2013
Posted by
Swan Land Company

The snow-capped peaks of the Bridger Mountains, the colors of the foliage and the bugling elk on the Lazy J Ranch are signals that autumn has arrived in Montana.  Click here to view a video with additional elk images on this Southwest Montana ranch for sale in Bridger Canyon just minutes from Bozeman.

 

 

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Mike Swan Presents at Seventh Annual Idaho Water Law Conference

09/26/2013
Posted by
Swan Land Company

Mike Swan, Managing Broker and Owner of Swan Land Company, was honored to be invited as a panel speaker at the 2013 Law Seminars International - Seventh Annual Idaho Water Law Conference held this week in Boise, Idaho.   The focus of the seminar was Water and Real Estate.   He joined respected attorneys, engineers and legal professionals who specialize in water rights, water law and litigation.

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Little Known Historical Facts of ... The Bridger Canyon

09/20/2013
Posted by
Swan Land Company

Long before Lewis and Clark arrived in the area, the Native Americans referred to the Gallatin Valley as “The Valley of Flowers”.  Although the Valley was claimed by the Blackfoot, it is said that it was recognized by all Indians as neutral ground.  Legend has it that a band of Sioux, following Bridger Creek encountered a band of Nez Perce and a battle ensued.  After two days of endless battle the warriors were spoken to by a figure, the “Spirit Maiden,” standing on what is now known as “Maiden Rock”, who said the beautiful Valley of Flowers was created by the Great Spirit for his children.

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The Charitable Remainder Trust: A Valuable Financial Tool for Families Selling a Farm or Ranch
09/12/2013
Posted by
Swan Land Company

A charitable remainder trust (CRT) enables a family selling a farm or ranch to avoid or defer tax on the sale and generate lifetime income for retirement.  In addition to saving taxes and generating a lifetime income, a CRT provides several other benefits:

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Upcoming Seminar: Water and Real Estate in Idaho
09/11/2013
Posted by
Swan Land Company

Mike Swan, owner and managing broker of Swan Land Company has been invited to participate as a panel speaker at Law Seminars International  - Seventh Annual Idaho Water Law Conference.  The upcoming seminar will focus on Water & Real Estate and Identifying & Effectively Resolving Water Issues.  Specifically Swan will be speaking on "Practical Tips for Resolving Water Issues in Real Estate Transactions".  It will include real world experiences and discussion of water issues, as well as tips for identifying and avoiding situations where water issues exist.  The program will provide an opportunity to review the often complex issues involving water and land.  The focus will be on water right and water supply issues and other common water issues affecting real estat

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BRING AN OFFER on South Willow Creek Home!
07/25/2013
Posted by
Swan Land Company

The Sellers of the South Willow Creek Estate have recently authorized Swan Land Company to offer this very attractive custom 5,870± square foot home with 20 acres for $650,000.  The Sellers have relocated and are desirous of putting a sale together on their property this summer.  They are willing to entertain any and all offers on the custom home and 20 acres by a well-qualified buyer.  Furthermore, there is an additional 100 acres which contains a beautiful stretch of trout-rich South Willow Creek that could be purchased with the aforementioned offering.  This package, which includes the custom home and 120 acres, is being offered for sale for $1,175,000.

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How the West Was Bought - Article in the St. Louis Magazine
06/03/2013
Posted by
Swan Land Company

Mike Swan, managing broker and owner of Swan Land Company, was recently recognized in the St. Louis Magazine as the listing agent of the Broken O Ranch and its subsequent sale to billionaire Stan Kroenke.  The Broken O Ranch, the largest irrigated farm and cattle ranch in the state of Montana, closed in November of 2012.   “Consistent with the St. Louis Magazine article we continue to see a strong sales trend in commodity-based real estate.  Our listings that have a strong cattle and/or farm component continue to receive strong interest” states Swan.

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