1031 Tax-Deferred Property Exchanges

Like-Kind Exchange

The Key to Tax Deferral

A like-kind exchange can be defined as exchanging real property held for investment or for productive use in a trade or business with other real property held with a similar intent. Section 1031 of the Internal Revenue Service’s Tax Code, allows the exchanger to defer payment of capital gains taxes due on the sale of real property; if, the exchanger through a qualified accommodator purchases a replacement property within 180 days of the original sale date.

Qualifying for a 1031 Exchange

About City National Bank’s Real Estate Group

City National’s Real Estate Group has been committed to satisfying the financial needs of real estate developers and investors since 1954. We provide financing for projects of all types and sizes. Our experienced relationship managers and our streamlined approval process result in service unparalleled in the industry. In addition, our on-site processing and servicing staff are dedicated to meeting deadlines promptly and efficiently.

Getting Started

Discuss the 1031 deferred property exchange with your accountant and/or tax attorney. To learn more about how our Real Estate Group can help you, contact us or call (213) 673-8200.

City National Bank does not provide tax or legal advice regarding the tax consequence of a transaction. Investors considering an IRC Sec. 1031 tax deferred exchange should consult with their own tax advisor or attorney to obtain professional tax and legal advice.