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With the rebound of commercial real estate markets nationwide has come renewed interest in Gulf Coast properties in which capital gains taxes can be deferred, sometimes indefinitely.
So-called 1031 exchanges occur when buyers sell commercial property, deposit the proceeds with an intermediary and then acquire new property within a specified time period.

The U.S. Internal Revenue Code Section 1031 rules have become especially appealing to retirees and new residents who wish to trade holdings elsewhere for properties in Florida, experts say. And with nearly 1,000 new residents migrating to Florida daily, the appetite for 1031 deals is waxing significantly.

“It's been steadily increasing over the past year,” says Theresa Knower, a senior vice president with Midland IRA & 1031, a Fort Myers firm that specializes in 1031 exchanges as a “Qualified Intermediary.”