The sale of your cellular, billboard or wind turbine ground lease is eligible for a 1031 exchange, which allows you to defer all taxes on the transaction. The equity from the sale of your ground lease is preserved under a 1031 exchange if you use your proceeds to buy a “like kind” property, which is any property held for productive use of trade or business or for investment. Having more equity means increased spending power, allowing you to buy a more expensive property than if you had to pay capital gains tax on the sale of your ground lease. To learn more, download our free 1031 exchange guide by clicking here.