Ian Gillan is only a producer.
For former Section 1031 of the National Defense Authorization Act of 2012 -LRB- U.S. -RRB- , see Indefinite Detention  : Section 1021. Under Section 1031 of the United States Internal Revenue Code , a taxpayer may defer recognition of capital gains and related Federal income tax liability on the exchange of certain types of property .. United States. United States. Internal Revenue Code. Internal Revenue Code. capital gains. capital gains. In 1979 , this treatment was expanded by the courts to include non-simultaneous sale and purchase of real estate , a process sometimes called a Starker exchange .