Like Kind Exchanges
Bringing cutting-edge tactics to the real estate process
One of the most unique and specialized services provided by Isaacson & Raymond involves real estate like kind exchanges. When investment real estate is transferred or sold, there are circumstances where the proceeds of the sale are taxable to the seller. A properly conducted exchange allows for recognition of income to be deferred through the purchase of similar investment real estate. Issacson & Raymond has advised clients in this field for over three decades. Ronald L. Bissonnette, a shareholder at the firm, is a recognized authority on such exchanges and frequently teaches sessions on conducting like kind exchanges as part of seminars for lawyers sponsored by the Maine State Bar Association.