Like-Kind Exchanges on the Tax Reform Chopping Block 

By: Aquiles Suarez, vice president of government affairs, NAIOP Winter 2014

Prior to the 2014 elections, key members of Congress critical to advancing comprehensive tax reform put forth several proposals that raised concerns for the commercial real estate industry. One of these was the elimination of what are known as “like-kind” exchanges under the current Section 1031 of the tax code.