Investment Programs» 1031 Exchange
1031 Tax Deferred Exchange
The sale of an investment asset, especially real estate, can create a large tax liability. A properly structured tax deferred exchange under Internal Revenue Code §1031, however, allows individuals to defer the recognition of the capital gains associated with the sale of investment assets, as long as new assets are purchased to replace the existing assets. To be eligible for the favorable tax treatment afforded by an exchange, the property to be disposed of must have been held by the client for productive use, and be exchanged for like-kind replacement property that will be held by the client for similar purposes. Heaven Investments can assist clients with implementing 1031 strategy by providing high performing replacement property and by assisting clients in finding the best Intermediary.
Heaven Investments is proud to announce a partnership with WaMu 1031 Exchange. Heaven Investments has negotiated a special $300 flat fee for this exchange which includes the initial property sale AND one replacement property. While WaMu is holding your funds, you will earn at least 3.01% interest on your equity which, for the average investment size, will more than pay for the exchange fee.
By utilizing an exchange clients are able to maximize their capital by deferring the taxes that would otherwise be incurred on an outright sale of their property and use the entire amount of the equity from the exchange to acquire substantially more replacement property. Properly structured and administered, an exchange becomes an invaluable tax saving tool and an integral element of the business cycle. For a more detailed explanation of the various elements and regulatory requirements of tax deferred exchanges, please refer to our Knowledge section. Link to 1031 information in knowledgebase.
Washington Mutual is registered with the Federal Exchange Accommodators and has Certified Exchange Specialists on Staff
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