1031 Exchange
As of 4-15-2008, the tax laws for selling land and paying 15% Capital Gains Tax is the lowest it has ever been. After the November 2008 election, who knows.
The 1031 Exchange is another vehicle where an investor can sell raw land or land with income producing structures and pay no taxes.
With a 1031 Exchange a seller can reinvest the net cash received from a sale within 180 days after closing and thus defer his tax gain indefinitely into the future.
The 1031 Exchange has become a very popular tax reduction vehicle in the last 5 years for investors.
For additional details contact "The Land Expert" today.