For example, whenever possible, George D. Livingston, founder/chairman, Realvest Partners Inc., Maitland, FL and a property owner himself, advises seller clients to use 1031 exchanges to defer taxes.

"The property will be given a new basis (cost figure) in the estate when the owner dies and capital gains are forgiven," Livingston tells GlobeSt.com. Estate taxes, however, may still be due on the property.

The exchanges may be done on rental properties, rental vacation homes, land sales and office, retail and industrial building sales.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.