Internal Revenue Service Regulations: IRC §1031

Like -Kind Exchange: Additional Rules for Real Estate Exchanges and Establishment of Safe Harbors

This document contained final regulations relating to exchanges of real property under Section 1031 of the Internal Revenue Code (IRC). The comprehensive set of tax laws created by the Treasury Department of the Internal Revenue Service (IRS). The regulations affect persons who exchange real estate. The regulations are necessary to provide persons who exchange these properties with the guidance necessary to comply with the law.

The final regulations are effective for exchanges occurring on or after April 11, 1991.