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WHAT IS A 1031 EXCHANGE?

 

A 1031 exchange, also known as a tax-deferred exchange, allows you to exchange investment property and defer the "capital gains", which is the difference between the purchase price and selling price, when the selling price is greater, and "depreciation recapture taxes", which is the element of capital gain attributable to depreciation deductions taken on your property in prior years.

 

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Meet Our Legal Team



Gregory Paul Farrar

Pensacola, Florida


Mr. Farrar graduated from the Mississippi College School of law and has been practicing law since 1986. He is licensed in both Florida and Mississippi. He is admitted to practice in all Florida State Courts, All Federal Courts for the Northern District of Florida, 11th Circuit Court of Appeals, 5th Circuit Court of Appeals, U.S. Supreme Court, U.S. Court of Claims, Mississippi State Courts and Federal Courts.


He is very active in the legal community and participates in the following associations; the Florida Bar Association and the Escambia/Santa Rosa Bar Association. He currently serves on the boards of the Northwest Florida Legal Services and Vice President of Escambia/Santa Rosa Bar Foundation. Mr. Farrar practices law in the following areas Family Law, Personal Injury, Criminal Defense, Insurance Claim Disputes, Corporate Law, and Simple Estate Planning/Wills/DPOA.

Bar Admissions:
Florida, 1987
Mississippi, 1986
U.S. District Court Northern District of Florida, 1988
U.S. District Court Northern District of Mississippi, 1986
U.S. District Court Southern District of Mississippi, 1986
U.S. Court of Appeals 11th Circuit, 1987
U.S. Court of Appeals 5th Circuit, 1986
U.S. Court of Federal Claims, 1989
U.S. Supreme Court, 1994
Education:
Mississippi College School of Law, Jackson, Mississippi J.D.
University of South Florida, Tampa, Florida, 1982 B.A., Major:  Political Science
Honors and Awards:
Pro Bono Attorney of the Year, 1993
Professional Associations and Memberships:
Florida Bar Association, 1987 - 2008 Member
Escambia/Santa Rosa County Bar Association, 1988 - 2008
Escambia/Santa Rosa County Bar Foundation, 1988 - 2007
Vice President