Our company would like to share some information regarding a 1031 exchange, also known as like-kind exchanges. This is very relevant to an industrial business owner and may be seen as very beneficial to look into further. 1031 exchanges have been a vital aspect of the tax code since 1921. It allows investors or business property owners to sell a property, buy a new property, and defer paying capital gains tax on the sale, as long as both properties are of like kind. In the future, the taxes will have to be paid because it is a deferral, not an exclusion. There are many rules for how the exchange must be carried out, so we provided some options that may be useful for business owners of industrial buildings.
What you need to know about 1031 Like-Kind Exchanges
1031 Like-Kind Exchanges can cause some confusion for many. A recent article in the Summer 2015 issue of the Commercial Connections publication titled, "5 Things to Know About 1031 Like-Kind Exchanges" by Eric Stackley, helps to shed some light on the topic of 1031 Exchanges.
Trading Up: The Basics of a 1031 Tax Exchange
A Commercial Real Estate Topic Review of the purpose, rules & options in a 1031 Tax Deferred Exchange