A gain on a Section 1231 property is subject to the Section 1231 netting procedure.  If the netting procedure results in a gain for the year, the gain is treated as a long-term capital gain.  The long-term capital gain from the Section 1231 netting procedure becomes part of the capital gain and loss netting procedure.  Within this procedure, there are two possible benefits.  First, if the capital gain and loss procedure results in a net long-term capital gain, the tax rate applicable to the gain for an individual taxpayer is 15%.  Second, if the taxpayer has a net capital loss, the Section 1231 long-term capital gain effectively allows deduction of a loss which may have otherwise been limited.