CAPITAL GAIN DEFERRMENT WITH A LIKE KIND EXCHANGE
Internal Revenue Code 1031:
“No Gain or loss shall be recognized on the exchange of property held for productive use or business or for investment if such property is exchanged solely for the property of like kind which is held either for productive use in a trade or for Investment
I.R.S. Section 1031 Exchanges provide real estate investors with one of the best tax staratigies for preserving value of an investment portfolio. By using an exchange the investor is able to defer the recognition of capital gains taxes that would otherwise be incurred on the sale of investment property.
Signature Title, LLC will arrange all the necessary steps for the investor to take advantage of the tax benefits of a 1031 Like Kind Exchange.
- Provide Cooperative Clause for Sales Contract
- Arrange for a qualified Intermediary to handle Exchange
- Schedule complimentary consultation with Exchange Intermediary
- Attorney Manager & experienced Staff