A 1031 Exchange is a way to defer capital gains tax when you sell a business or investment property. The Internal Revenue Service may allow you to postpone paying capital gains tax if you immediately reinvest the proceeds in a similar property. It’s important to remember that this is not a tax-free transaction, merely a deferment and there are many rules in place to make sure the practice is not abused.
If you are considering a 1031 Exchange in Collier County, Lee County or throughout the state of Florida, let Aries Title be your guide throughout this complicated transaction. While the title professionals from Aries Title handle the real estate side of a 1031 exchange, we work with highly reputable Qualified Intermediaries as well as Qualified Trustees and our volume allows us to obtain these services at a fraction of the cost other providers charge.