Home / Financial Services /§1031 Tax Deferred Exchanges / "Like Kind" Property


	§1031 Tax Deferred Exchanges
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"Like Kind" Property

To qualify for tax-deferred exchange treatment under §1031, the relinquished property must be exchanged for replacement property that is of “like-kind”. The term “like-kind” refers to the nature or character of the property and not to its grade or quality. In essence, all real property is ”like-kind” with all other real property. To qualify for an exchange, the Exchanger must have held the relinquished property for investment or business purposes and must intend to do the same with the replacement property. The following are examples of 'like-kind” property exchanges:

Residential for commercial
Bare land for rental property
Fee simple interest for 30-year leasehold
Single family rental for multi-family
Non-income producing raw land for income producing rental property
Rental mountain cabin for a dental office in which the Exchanger intends to practice

NOTE: Foreign Property, that is real property located outside of the United States boundaries, is not considered like-kind with property within the United States.

Securities offered through Pacific West Securities, Inc. Member FINRA/SIPC. Advisory services offered Pacific West Financial Consultants, Inc. A Registered Investment Advisor. AMBAR Financial Group is independent of Pacific West Securities, Inc.

Resort
Lakeway, Texas

Multi-Family
Killeen, Texas

AMBAR Financial Group does not offer legal or tax advice. AMBAR encourages clients and visitors to seek independent legal and tax advice from competent professionals to discuss their personal financial situations. Registered Representatives may only transact business in states where they are registered, or exempt from registration. Currently we have Representatives registered in: AL, AZ, CA, FL, MN, MO, PA, TX. If your resident state is not listed, please contact us at 408-379-6510. Under normal circumstances, securities licensing procedures for additional states may take 24-72 hours. We will not effect or attempt to effect securities transactions, or provide personalized investment advice to, or communicate directly with residents in a state in which a Representative is not registered.

Property photos shown here are being provided for educational purposes only, to illustrate the different property types available in the real estate market. These photos are not intended to represent any particular type of TIC offering nor are they intended to represent any current or future TIC offerings.