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Capital Gains Tax Decades of Experience By Your Side

Colorado Oil and Gas Law Attorney: Capital Gains Tax

Capital Gains and Mineral Rights

Capital gains taxes are imposed on the profits made by an owner when an asset is sold for more than the purchase price. Such capital gains taxes apply not only to real estate, but also to royalty or mineral rights interests. At Cantafio & Song PLLC we represent people and businesses in legal matters related to natural resources and are well-versed in the tax laws relating to capital gains. If you are considering a sale of the royalties or mineral rights, please contact a Colorado oil and gas lawyer at our firm to schedule a consultation. Be assured that we will sit down with you, review your financial situation and offer you the best plan available to protect yourself and your business.

Oil and Gas Lawyer in Colorado State

Section 1031 of the U.S. Tax Code, known as the "1031 exchange," provides a means for taxpayers to defer the capital gains tax on sales of royalty or mineral rights interests. The deferment occurs when the royalty or mineral rights interest is sold and "like-kind" property of equal or greater worth is purchased. Such property may include:

  • Minerals
  • Royalties
  • Oil and gas working interests
  • Real estate

With a thorough understanding of oil and gas law, our firm can help you navigate the complicated tax code provisions and documents needed to complete a 1031 exchange. The benefits have helped countless people postpone the taxes due on eligible properties, permitted investors to diversify without added tax expense and boosted the amount of money available to invest; and we want you to realize all of those benefits also. Please trust that we will do all that is possible to make sure you receive your capital gains deferment.

To learn more about how we can help you, we invite you to contact a Colorado oil and gas law attorney at Cantafio & Song PLLC.

Your Team of Trusted Advisors

Over Three Decades of Experience on Your Side

What Makes Our Firm Different?

Experienced, High-Quality Representation
    "He has guided us through multiple business transactions with effective, concise, and productive negotiations."

    One of the many reasons we continue to retain Ralph for legal services is that we feel we get honest value in the time spent on our projects. His negotiations are direct, fair, and produce results.

    - Katy
    "He helped me with a very difficult legal situation."

    Ralph is thorough and hard-working. I would recommend him to anyone.

    - Former Client
    "The Best!"

    When things went wrong, they were there for me.

    - James

Contact Cantafio & Song PLLC Today!

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  • Distinguished Reputation in the Industry
    Attorney Ralph Cantafio is well known in the oil and gas industry throughout the western United States. He has established an excellent reputation in the industry not only through his exceptional legal work but also due to his lectures at industry events
    ( generally 2-4 times per year), academic writings, and his time as a college professor. Ralph's lectures and teachings generally consists of oil and gas agreements and negotiations, global energy management, and legal environment of business.
  • Unparalleled Experience in Oil & Gas Law

    Our team has over three decades of combined experience in oil and gas law, including assisting every type of client ( lessors, lessees, operators, etc.), each at every stage of the oil and gas business ( from upstream to downstream activities). Our team also has unparalleled experience in civil litigation ( including construction), corporate and commercial law, natural resources mediation and arbitration, and commercial transactions ( including residential and commercial real estate). 

  • Licensed Throughout the United States

    Our team is ready to assist you with our oil and gas law needs throughout the United States, including in Alaska, Colorado, North Dakota, Oklahoma, Pennsylvania, Texas, Utah, and Wyoming.