Section 1031 Tax Free Exchanges
Our attorneys advise clients on structuring and implementing tax-free like-kind exchanges under Section 1031 of the Internal Revenue Code of 1986, as amended. Our attorneys possess the technical real estate and tax expertise to structure solutions to meet your goals, whether you seek a forward, reverse, or a build-to-suit exchange. We have structured reverse non-safe harbor exchanges for clients when needed. We have also restructured entities to allow exchanges that meet the different financial needs of individual partners of partnerships and members of limited liability companies. Our attorneys are also experienced in all financing and defeasance issues.
Prior to the enactment of Pub. L. No. 115-97 commonly known as the "Tax Cuts and Jobs Act" on December 22, 2017, which limited the application of Section 1031 to like-kind exchanges of real property after December 31, 2017, our firm also advised clients in structuring like-kind exchanges of aircraft, businesses, manufacturing equipment, vehicles, and art work and collectibles.