Law Practice
Apr. 7, 2015
Real estate tax deferral could disappear
Since the 1920s, individual and commercial investors have been able to sell property and defer the capital gains tax if they buy a similar property. That might change this year.
Daily Journal Staff Writer
Since the 1920s, individual and commercial investors have been able to sell investment property and defer the capital gains tax if they buy a similar property. But Congress plans to consider one of two competing proposals which would either limit or eliminate outright the amount of capital gain that can be deferred on these like-kind exchanges later this summer when it votes on President Obama's 2016 fisc...
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