Tax Deferred Exchange
A tax deferred exchange allows a taxpayer to exchange investment real estate for other, like-kind property. By using the exchange process, our client may defer the payment of capital gains taxes until a later time, meanwhile using those funds in the acquisition of the new property. This may be a significant point in the economics of the investment.
Exchanges may be set up either as simultaneous or delayed transactions. The rules pertaining to the mechanics of exchanging have evolved over time and each transaction must be carefully structured to comply with current IRS Code, Regulations and Review Rulings.
Charter Realty draws upon decades of experience in these, the most involved of all Real Estate contracts. From early planning through to the closing of your final leg, you will enjoy the utmost personal attention of Joseph Termini to ensure that applicable tax law requirements are addressed in a smooth, effectual transaction.