What is a Transfer Tax?
Top 50 Questions about Farmland The Iowa farmland transfer tax is one of the closing costs sellers often ask about when preparing to sell land in Iowa. This tax, sometimes called revenue stamps, is charged by the state whenever farmland or any type of real estate is transferred. Understanding how it works helps you better […]
Utilizing IRS 1031 and Farmland
A 1031 exchange, also known as a like-kind exchange, allows landowners to defer capital gains taxes when selling qualifying property. Instead of paying taxes immediately, the seller reinvests the proceeds into a similar property. For farmland owners, this strategy can play an important role in preserving capital and repositioning land investments. What Is a Like-Kind […]
Terminating a Farm Lease in Iowa
Iowa law sets a firm deadline for terminating or changing a farm lease. To end a lease for the upcoming crop year, you must notify your tenant by September 1. Missing this deadline allows the tenant to retain lease rights for the following season. Landowners must take this step to maintain clear control of their […]
