Property owners have long lamented the capital gains tax. Some even refer to it as a double taxation. Whatever the case, if you are a property owner looking to sale your property and avoid capital gains, consider a Orexco 1031 exchange. The exchange allows you to sell one property and use the proceeds to buy another, so long as that transaction is completed within 180 days and you have exchanged for a like-kind piece of property.
The 1031 exchange is used by businesses and individuals with income property. There are several different types of qualifying exchanges, but all must be handled through a Qualified Intermediary (QI). The QI serves as the third party who holds the funds from the sale, thereby triggering the tax benefit.
