1031 EXCHANGE
In general, when you sell a business or investment property you are required to pay a tax on the gain that you receive from the sale. Section 1031 of the Internal Revenue Code allows an exception to the capital gains tax. A real property owner who exchanges the property to be sold for like-kind property may do so without paying the capital gains tax. Section 1031 will allow you to defer paying taxes normally due until the future, or possibly forever. A 1031 Exchange is often called a "tax free exchange" because the exchange itself is not taxed.
The Lowes Group can be instrumental in facilitating 1031 exchange transactions. Our relationships with owners and access to investors of a variety of property types allow us to match properties and exchange buyers quickly and efficiently.