|
|
|
Advanced Structures
A. Improvements to land you already own.
Some taxpayers may wish to exchange business or investment property into just the improvements built on another piece of land they currently own. Although there are various methods by which such an exchange may be structured, each bears distinct legal considerations, tax issues, and risks. If you are interested in structuring such a transaction, please contact one of our exchange managers, tax attorneys, or CPAs to discuss the facts of your specific situation so we can determine the best exchange structure for you.
B. Mixed Use Properties.
Taxpayers who live on a property also used for business or investment, such as a farm, home office, or apartment complex, can still benefit from a 1031 exchange to help defer the capital gains realized on the non-personal use portion of the property.
C. Multiple Asset Exchanges.
Some types of commercial property, such as hotels, car washes, medical buildings, etc., may include personal property as a part of the sale. In an exchange, the personal property may create complications as it is not like-kind to real estate. Summit is experienced at structuring such exchanges.
|
 |
|
|
|
|
|