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Deferred Exchange
What is a like-kind exchange?
A like-kind exchange, also known as a 1031 exchange is a technique for deferring the gain on the sale of property by re-investing the proceeds in like-kind property.
What is the primary benefit of a Deferred Exchange?
The primary benefit for owners disposing of business or investment held property is the opportunity to Defer the payment of Capital Gains Tax.
What is a deferred/delayed Exchange?
You surrender your relinquished property at one time and acquire the new replacement property, no later than 180 days from the closing of the relinquished property, or the due date for the tax return for the year of the sale, whichever is earlier.
Why does our government allow Deferred Exchanges?
The government perceives it as a continuity of investment.
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