OldSouthExchange.com

Title

1031 Exchange Qualified Intermediary in Destin, Fort Walton Beach, Pensacola and Panama City, Florida.

Description

Old South 1031 Exchange Services LLC is a nationwide Qualified Intermediary providing investment and personal property owners an Internal Revenue Service sanctioned “safe harbor” to defer capital gains tax by exchanging qualified, real or personal property for “like-kind” property in accordance with Internal Revenue Code (IRC) Section 1031. Property must be held for use in a trade or business, income production (rental) or investment purpose.

Private and corporate property owners, realtors, lawyers, accountants, financial planners, tax advisors, lenders, business brokers, escrow and closing agents should be familiar with the variety of tax deferred exchanges including delayed, simultaneous, reverse, and construction exchanges to build wealth and save taxes.

Any property held for investment or used to produce income can be exchanged for any other investment or income producing property. This applies to rental homes, apartment and commercial buildings, strip and shopping centers, raw and farm land, timber, unharvested crops, oil, gas and mineral interests, collectibles if held for investment, livestock, corporate aircraft and ships, tenants-in-common, sale leaseback transactions, leasehold interests and improvements to be constructed.

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