1031 Like Kind Exchange Transactions
Working closely with our Commercial Tax Department, we can construct the transaction to achieve your goals.
Often a person selling commercial real estate will seek to defer paying taxes on the gain by using the sale proceeds to purchase another like kind commercial property. This is called a “like kind exchange” and is made pursuant to Section 1031 of the Internal Revenue Code.
Our attorneys are experienced at performing these kinds of transactions and are expert at facilitating the process.