I've recently been looking into buying real estate investments, & I've read about a 1031 Exchange in USA.
Here is a definition I've found:
Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:
No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.
I found this definition here.
Does anyone know if there is a similar investment vehicle in Republic of Ireland?