tax-deferred exchange

tax-deferred exchange

See 1031 exchange.

References in periodicals archive ?
In a tax-deferred exchange under Internal Revenue Code Section 1031, the seller/taxpayer is prohibited from receiving the proceeds from the sale of the relinquished property.
The company also offers strategic advisory, asset management, tax-deferred exchange and capital markets solutions.
Next up is a $6.2 million tax-deferred exchange involving a 1,750-acre farm in east Pulaski County.
The Internal Revenue Service (IRS) places a number of requirements on transactions to be considered a qualified Section 1031 tax-deferred exchange. Under the Internal Revenue Code (IRC), real estate is classified as (1) trade or business property, (2) investment property, (3) inventory property, or (4) personal residence property.
Property records show that the sale was for $10 and other consideration "as part of a tax-deferred exchange."
Therefore, real estate managers may be wise to lend a few words of caution and provide recommendations to a client considering a tax-deferred exchange.
The buyer acquired the property as part of completing an IRS section 1031 tax-deferred exchange. Park Place Shopping Center, a 97,269-square-foot neighborhood shopping center anchored by Vons Food & Drug, was sold for $12 million to Damavandi Capital LLC, Los Angeles.
Another problem, as John Schwartz, MAI, observes, is that tax-deferred exchange involves swapping the basis for properties, so the appraiser doesn't get the opportunity to understand the trading amount.
The company's Sponsor, KB Exchange Trust, structures commercial real estate offerings as DSTs, a separate legal entity that qualifies under Section 1031 as a tax-deferred exchange. This investment structure provides investors with fractional ownership in higher-quality properties to help diversify their investment portfolios.
The Borrower used the Delaware Statutory Trust ("DST") structure to permit its investors to acquire interests in the property in a tax-deferred exchange under Section 1031 of the Internal Revenue
in 2015, and the subsequent purchase of six landmark hotels as part of a tax-deferred exchange.
The $6,500,000 acquisition satisfied the buyer's acquisition requirements of a 1031 tax-deferred exchange, closing on May 30, 2014.