As a result of Federal capital gain tax rates that are 58% higher compared to last year, 1031 exchange activity is up significantly. According to a recent July 2013 article in the Wall Street Journal, High Impact Tax Breaks, 1031 exchange activity has increased by as much as 50%. Many self storage property owners are experiencing price appreciation. The increase in self storage property prices, coupled with higher tax rates, has resulted in property owners facing a big tax bill.
VII 2013 – 1031 Exchange Market Update
- IX-2023: Pricing Discovery Amid Market Uncertainty
- VII-2023: The Rich get Richer!
- VI-2023: Preparing for Change in Uncertain Times