Yes — Utah recognizes federal Section 1031 like-kind exchanges, letting investors defer capital-gains tax when selling investment property and buying another within specific deadlines:
- 45 days to identify replacement property
- 180 days to close on it
- Must use a Qualified Intermediary — cannot touch the sale proceeds
- Only investment/business property qualifies (not primary residences)
Many Utah investors use 1031s to trade Wasatch Front rentals up into St. George STRs or Park City condos. Consult a QI and CPA before starting — the IRS is strict on deadlines.