Posted on 20 July 2008
Property Exchanges conforming to IRC section 1031 offer wonderful opportunities to defer tax liability and maximize profits while helping to continue with the investment of the capital.
The IRC clearly states the main qualifying parameter of the exchange as a like-kind exchange. “In a like-kind exchange, the property you give up and the property you receive [...]
Posted on 20 July 2008
Following is a reproduction of the IRS’s rules and requirements for 1031 tax deferred exchanges with regards to real property. If you have any questions regarding the sale of your real property or questions about what qualifies for a 1031 exchange or not, please consult your tax professional.
Sec. 1031. - Exchange of property held for [...]
Posted on 19 July 2008
Whether you are looking to buy a property in Spain or seeking to re-mortgage your property to raise additional finance, finding the right mortgage can be a daunting task. The one thing I will say at this point is that you must change the way you think about having a mortgage.
The “British” way is to [...]