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Sandwich Cape Cod Real Estate and Vacation Rentals
1031 Exchange
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SECTION 1031 ALLOWS TAX DEFERRAL.
Section 1031 of the Internal Revenue Code enables investors in qualifying real property and business equipment that is 'used in a trade or business, or held for investment,' to defer the capital gains tax relating to the sale of their property when they acquire qualifying 'like-kind' property and observe other IRS guidelines.
Selling investment real property and personal property (such as aircraft and business equipment) for a gain results in a capital gains tax liability. Section 1031 Exchanges enable investors to trade-up to newer or larger assets without adverse tax consequence. Capital is preserved and efficently redeployed.
QUALIFIED INTERMEDIARY.
A 'Qualified Intermediary' is required to facilitate the transaction. Under theSection 1031 rules, your exchange funds must be held in an account established by the Qualified Intermediary. A link is provided to Beacon Exchange Company, LLC, whose professionals can offer information and services regarding the Section 1031 Exchange.
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Proudly doing business in the following Cape Cod, Massachusetts towns and villages: Barnstable, Bourne, Brewster, Buzzards Bay, Centerville, Chatham, Cotuit, Craigville, Dennis, Eastham, Falmouth, Harwich, Hyannis, Hyannisport, Marstons Mills, Mashpee, Orleans, Osterville, Provincetown, Sandwich, Truro, Wellfleet, Woods Hole, Yarmouth, Yarmouthport
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