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WHAT IS LIKE-KIND PROPERTY?
Pursuant to IRC §1031, capital gain tax deferment requires the exchange of "like-kind" relinquished property for other "like-kind" replacement property. Contrary to the commonly held misconception that exchanged properties must be of the exact same type - for example, that bare land be exchanged for bare land or an income property be exchanged for another income property - the actual definition of "like-kind" is far more empowering in its flexibility. Any real property held for investment or real property used in a trade or business can be exchanged for any other real property held for investment or real property used in a trade or business.
POTENTIAL "LIKE-KIND" PROPERTY EXCHANGES AND BENEFITS:
Search all real estate, investment and income property through out La Jolla, Pacific Beach and San Diego California.
Residential Income Property / Multi Residential Units
Contact Information
A Realty Group, Realtor®
3636 Nobel Dr Suite# 100
San Diego, CA 92122
Phone: 858 245-7880
Cell: 858 245-7881 / E-mail: Click here / Website: EXCHANGECA.COM
Equal Housing Opportunity. This material is based on information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and should not be relied on as such. This offering is subject to errors, omissions, change of price or withdrawal without notice.
