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 >
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
Like-Kind Property
Definition:
A tax term used in certain real property exchanges. Property must be exchanged for like-kind property and the tax consequences postponed pursuant to Section 1031 of the Internal Revenue Code.
Carrying Charges
Definition:
Various costs that are incidental to ownership (e.g., taxes insurance costs and maintenance expenses).