Almost everyone thinks of real estate when they think of doing a 1031 exchange. But did you know that a 1031 exchange is a great tool to reduce taxes on the sale of all types of business or investment properties? Some property types that qualify include:
- Oil & gas and mineral interests[lightbox link=”https://nesfinancial.com/blog/wp-content/uploads/2014/02/Frontal-View-Plane-3.jpg” thumb=”https://nesfinancial.com/blog/wp-content/uploads/2014/02/Frontal-View-Plane-3-300×199.jpg” width=”300″ align=”right” title=”616029.TIF OK” frame=”true” icon=”image”]
- Intangibles (such as franchise or distributorship agreements)
- Business-for-business exchanges
Many Qualified Intermediaries (QIs) only focus on real estate exchanges. NES Financial, on the other hand, possesses the experience and expertise to handle all types of 1031 exchanges.
Our General Counsel for 1031 exchanges, William Lopriore, has been working with top clients, including large corporations, high net worth individuals, and middle market clients, to structure complex 1031 exchanges for nearly 15 years. Bill’s forte is working with specialty exchanges, such as aircraft, art, and intangibles.
Why settle for a QI who can only work with real estate? Our 1031 exchange solutions and experts can handle any type of 1031 exchange transaction – with the highest levels of security, transparency, and compliance.
So if you are thinking about buying or selling business or investment property, contact us today. We will be happy to help you to determine what type of exchange solution makes sense for you.
What is a 1031 exchange? Find out more by downloading our 1031 Exchange Kit.
Allow us to address your business needs by contacting us, or comment on this post below. We look forward to hearing from you!