Sell your property through 1031 exchange process
To avoid having to pay capital gains tax on your property, it is good to sell your property through 1031 Exchange process. In this process there is no need for you to pay tax to the authorities. If you are selling your property outright, you must have to pay tax and to avoid this tax-liability it is advisable to go through 1031 exchange plan. As you will get forty five days after the day of your closing to recognize what alternate property or properties you want to be given as part of your 1031 exchange plan, you can keep your options unlock at early stages.