Through our relationship
with our underwriter, LandAmerica, Principal Settlement
Services is able to offer its clients the 1031 Exchange.
Why
use Principal Settlement/LandAmerica? |
|
The selection of your qualified intermediary(QI)
is crucial to the success of your exchange. The vast
majority of QIs provide inadequate financial guaranties
or security for the net proceeeds of your sale. LandAmerica/Principal Settlement
will back the documents and provide 100% security
of your funds.
Powerful Tax Tool
With the potential for substantial tax savings in
every transaction, tax-deferred exchanges have become
a necessary procedure for owners of businesses and
investment property of all types and sizes. Eligible
properties include commercial, residential real estate,
qualified leaseholds, home offices, and more.
Section 1031 of the Internal Revenue Code allows
up to 100% deferral of realized gain. This includes
the capital gain plus the accumulated depreciation
recapture. For investors large and small, there is
no other provisions in the tax code which favors this
magnitude of tax deferral.