I like 1031 exchanges of properties and the ideas presented in the article ... Investors can go "Green" save "Green" with 1031 Exchanges by William B. Hood.
He reported that some property owners and corporations are using a 1031 Tax-Deferred Exchange strategy to divest themselves of environmentally outdated properties, and acquire modern, energy-efficient ones, thus solving "Green" investor requirements and financial needs.
IRC Code Section 1031 says that a taxpayer can defer payment of capital gains, depreciation recapture and state taxes on the sale of investment or business property provided the proceeds are used to purchase a replacement property within certain time frames.
William Hood said: "For property investors and corporations considering exchanging their investment residential or commercial properties, "going ‘Green' offers a host of highly tangible benefits:
- Lower operating costs;
- Ability to attract a higher class of tenants (Federal Government Agencies are striving to lease only properties that are designated "Green")
- Greater leasing value
- Higher cap rate
- Potential to increase asset value.
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
www.BuyersExploreHomes.com ~ www.ExploreTheOC.com
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Do you really think we are there yet, I think it is a passing fad along with windmills, electric cars and the sort. This is the the governments get their nephew a job and money in a friends pocket. " we will give you a billion to start a plant or project but here is you employees sort a thing.
I recycle, I garden but I'm not saving the planet and to tell you the truth I don't think the planet needs saving. The planet is a breathing living organizism and like us when it gets sick enough it will correct itself. THat is why we have funky weather patterns and the like.