Tax Law Overhauls Could Be Crisis Issue for Net-Lease, Sale-Leaseback Environment

Article by Barbara Jarvie Via GlobeSt.com

Nothing ever stays the same--and certainly not the tax code. In fact, in his most recent State of the Union address on Jan. 7, President George W. Bush called the current tax code “archaic and incoherent” and appointed a bipartisan advisory panel to study reform options. The nine-person panel is scheduled to report its recommendations on July 31. Depending on the results of this latest reform effort--the biggest one undertaken since 1986, when the tax code underwent a major overhaul--these changes could have a tremendous impact on the commercial real estate industry, particularly on tax-deferred 1031 exchanges, darling of many a real estate investor. Some observers even fear that eliminating or gutting the 1031 exchange is a possibility in the latest round of changes.

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