In addition to the non-qualifying property previously discussed, examples of property which probably will not meet the qualified use test are:
- Land which was acquired for the express purpose of subdivision and resale and was only held long enough to effect such subdivision and resale
- Homes held for sale by speculation builders, such as builder's inventory of unsold homes
- Any transaction which constitutes a sale followed by a reinvestment in other property, whether or not the replacement property is considered to be like-kind, wherein the transfers are not reciprocal and interdependent, and are absent an exchange agreement