Like-Kind Exchanges
Like-kind exchange rules play a critical role in supporting the multifamily industry by enabling investors to remain invested in real estate while still allowing them to balance their investments to shift resources to more productive properties, change geographic location, or diversify or consolidate holdings. They do so by allowing investors to defer capital gains taxes if, instead of selling their property, they exchange it for another comparable property. Proposals to revise or restrict like-kind exchanges may have a significantly harmful effect on the value and trading of property. Read our Fact Sheet to learn more.
New Report
Like-kind exchanges are a significant contributor to U.S. economic activity, according to this new NMHC sponsored report produced by Ernst & Young (EY).
Fact Sheet
More information on like-kind exchanges, in addition to the NMHC/NAA viewpoint.
Read More- What You Need to Know: Biden Budget Proposal Calls for Harmful Multifamily Tax Pay-Fors
- House Clears Budget Legislation—Clearing Path for $3.5 Trillion “Human Infrastructure” Package
- NMHC Analysis: Tax Implications of The American Families Plan
- NMHC Joins Coalition in Making the Case for Like-Kind Exchange as Housing Affordability Tool
- Treasury and IRS Release Final 1031 Regulations
- Trade Group Coalition Letter to House Ways and Means Committee Opposing Proposed Tax Increases
- Real Estate Coalition Letter Regarding Like-kind Exchanges of Real Estate Under Section 1031
- Real Estate Coalition Letter to House Ways and Means Oversight Subcommittee Regarding Proposed Tax Proposals
- Trade Association Coalition Letter to Treasury on Like-Kind Exchange
- NMHC/NAA Letter to IRS on Proposed IRC 199A Regulations
- Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy
- Report Primer: Economic Contribution of IRC Section 1031 Like-Kind Exchanges to the US Economy
- Study Like Kind Exchanges Support Lower Rents
- Recent Trends in Like-kind Exchanges
- The Benefits and Costs of Tax Deferral An Analysis of Real Estate Tax-Deferred Exchanges
