A tax-deferred exchange is a
tax planning technique which should be considered by any taxpayer that is
relocating or disposing of property. Often referred to as a "tax-free
exchange," the tax-deferred exchange allows you to exchange certain
business or investment property for other "like-kind" business or
investment property and pay no income taxes currently. Your tax liability is
deferred until you later dispose of the property for which you traded.
Exchanges require careful planning and professional assistance.
