News

Seminar to Focus on Tax-Deferred Property Exchanges

July 13, 2006

The complexities of Section 1031 exchanges involving investment property will be explored in a one-day seminar sponsored by the National Business Institute on July 20th at the Holiday Inn Hotel & Suites in Oklahoma City.

While Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties, prospective traders need to be aware of the numerous IRC requirements and conditions placed upon such transactions.

T. Michael Blake, a shareholder and tax attorney with McAfee & Taft, will join Michael Anderson, vice president and regional manager of First American Exchange Corporation, to dissect Section 1031 exchanging and offer pertinent information about property criteria, sales vs. exchanges, exchange requirements, title parking methods, and less common exchange issues that can arise in a trade.

Blake, whose legal practice encompasses the areas of tax law, mergers and acquisitions, corporate law and estate planning, has significant experience structuring Section 1031 exchanges of property, forward like-kind exchanges, and reverse and “build-to-suit” exchanges.  His particular expertise in this area has resulted in him being a frequent lecturer on the topic.

Interested conference participants may register online at www.nbi-sems.com.  The seminar has been approved for continuing education credit by the CFP Board, Oklahoma Bar Association, Institute of Certified Bankers, National Registry of CPE Sponsors, and Oklahoma Real Estate Commission.

McAfee & Taft is one of the largest, most experienced law firms in the Southwest, serving clients throughout the region and nationally in the areas of aviation, business law, corporate and securities, employee benefits, environmental law, healthcare, intellectual property, labor and employment, litigation, oil and gas, real estate and tax and family wealth.