1031 News Blog

Are like-kind exchanges still advisable with tax reform on the horizon?

Like-Kind Exchange News Round-Up, June 29 – July 11

What brings farmers, small business owners, and legislators together to speak out about tax reform? Like-kind exchanges do.

In this week's round-up of 1031 news, Judd Vande Voorte, a fifth generation farmer, calls like-kind exchanges "a continuous circle of economic stimulus and liquidity" and cites a recent study showing that ...

Representative Steve Stivers Calls for Preservation of Like-Kind Exchanges

Like-Kind Exchange News Round-Up, June 18 – June 24

Last week we heard a chorus of voices from around the web urging the preservation of like-kind exchanges in any forthcoming tax reform. Graniterock CFO Steve Snodgrass characterized the unprecedented cross-industry support this way:  "Rarely do the interests of small businesses owners, construction equipment intensive businesses and a broad range of local entrepreneurs agree with almost a century of federal income tax policy — especially when it results in billions of dollars in taxes being paid. But fortunately for the economy, they...

Video: 1031 Like-Kind Exchange with Seller Financing

Is it possible for a property seller to finance the buyer when completing a like-kind exchange? The answer is yes but only under certain conditions. Such factors include the time period of the seller's loan, the potential of a cash loan from the seller to the buyer, and the use of a ...

Rules for Real Estate and Personal Property Exchanges are not always of Like-Kind

Differences between Real & Personal Property Exchanges

The 1991 Treasury Department regulations set forth detailed guidelines for tax deferred exchanges of real property and personal property. Prior to that time, exchanges could be done but very little guidance was available to make sure they were done correctly. This set of rules and regulations covered like-kind exchanges of both real and personal property. However, these two types of exchange property are not covered the same way. Below, I’ll summarize some of the differences...

Suburban Chicago Commercial Real Estate Forum - June 7, 2017

Join us at the Suburban Chicago Commercial Real Estate Forum on Wednesday, June 7 at the Inland Real Estate Campus in Oak Brook, IL.

Accruit CEO Brent Abrahm will be speaking about the House Republican Tax Reform Blueprint and its potential impact to like-kind exchanges. Speakers will also include George Relias, Partner, Relias & Tsonis, LLC, Alison Hastings, Vice President, Inland Valuation & Advisory, LLC, John Carpenter, President & CEO, Choose DuPage,  Brandon Frankel, Sr. Market Analyst, CoStar Group and...

Bloomberg BNA Report Addresses Farmer Concerns over Tax Reform

It is unclear where like-kind exchanges stand in forthcoming tax reform, but any tax plan that attempts to replace like-kind exchanges with immediate-expensing would create a big gap for taxpayers significantly invested in land assets since the immediate-expensing provision in the House Republican tax reform blueprint doesn't apply to land. This Bloomberg BNA Daily Tax Report from June 1, 2017 examines the particular plight of farmers in this scenario, for whom such a plan would be disastrous.

Read...

Ritchie Bros. Acquisition of IronPlanet Nears Completion

In mid-May, Ritchie Bros. received unconditional antitrust clearance from the U.S. Department of Justice for its acquisition of online auctioneer, IronPlanet. Ritchie Bros.' acquisition of IronPlanet will officially close in the coming weeks, further diversifying the channels through which customers buy and sell equipment. According to Jim Barr, Ritchie Bros. group president of emerging businesses, brand innovation and technology, the company has shifted strategically in the past few years from auction to multichannel asset disposition, and the IronPlanet acquisition was the next logical step in that strategy. “Each company has a great set of solutions," Jim Barr told Construction Equipment Guide. “We won't be getting rid of any of them. We want our customers to choose whatever solution best suits their needs.”

Read the full article about Ritchie Bros.’ Iron Planet acquisition at ConstructionEquipmentGuide.com.

ELFA Capitol Connections 2017, May 17-18

Executives from Equipment Leasing and Finance Association (ELFA) member companies will convene in Washington, D.C. on May 17 and 18 to educate members of Congress and select White House administration officials about the contributions that the equipment finance industry makes to the United States economy. Over the course of two days, ELFA members will have more than 150 meetings with Senate and House offices and executive branch agencies to advocate in issues affecting the equiopment leasing and finance industry.

As ELFA members, Accruit CEO Brent Abrahm will attend along with PwC partner Randa Barsoum to meet with legislators around matters specific to the preservation of 1031 ...

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