Section 1031 Real Estate and Personal Property Exchanges
Posted in Newbridge Exchange on Nov 18th, 2009
The best solution for an investor who wants to acquire a new location and a facility to exactly matches the investor’s needs is to use the mechanism of a “build-to-suit” exchange. It requires that the new property be acquired by an exchange accommodation titleholder (EAT) and that the fit up be done by the EAT. All of [...]
Posted in Newbridge Exchange on Nov 10th, 2009
In its simplest terms, a Qualified Intermediary (QI), facilitating a Section 1031 Exchange, acts as a third party in the sale of Relinquished Property (old property). The QI’s job is twofold: a) memorialize and document the intent of the taxpayer and b) function as escrow agent for the net proceeds from sale. Section 1031 is [...]
