What Is 1031? also referred to as a 1031 Exchange or Like-Kind Exchange, and falls under Section 1031 of the Internal Revenue Code. This tax section deals with property value in sale of business or trades and other like sales. Contact us to get your property exchange prepared & filed by a qualified
Capital Gains
professional.
Need Help with
1031
issues ?Then contact us now >
ยง 1031. Exchange of property held for productive use or investment...Read more law >
Related Hot Topics
Doing a Partial Exchange
Land Exchange
Investing
Tax Redemption
Qualified Intermediaries
If you plan on utilizing Section 1031, you may do so with more than one property.
You can do so with up to three properties at once.
1031 Related News
Equastone Acquires Office Project For $35 Million
The acquisition of The Views by an affiliate of Equastone Value Fund I completes a 1031 tax-deferred exchange of the proceeds from the recent sale of The Quad at Lowry IV
Definition:
A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment laws, and the like, the property tax is an ad valorem tax
Tax Lien
Definition:
(1) A lien for nonpayment of property taxes. Attaches only to the property upon which the taxes are unpaid. (2) A federal income tax lien. May attach to all property of the person owing the taxes.
Indirect Costs
Definition:
Development costs other than direct material or direct labor costs including administrative and office expenses, financing costs and property taxes.