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Banking offices will be closed in observance of Veterans Day on: Wednesday, November 11, 2009.

1031 Tax-Deferred Property Exchanges

Realize Your Full Investment Potential

Selling an investment property, even at the right time, can be expensive. Filing fees, inspection costs and commission expenses can add up quickly. The last thing you need when selling is to be hit with a large tax bill. Fortunately, the experts at City National Bank’s Real Estate Group can help you defer capital gains taxes through the use of a 1031 Tax-Deferred Property Exchange.

If you are planning to sell an investment property or business-use property, you may defer capital gains tax by reinvesting these funds into a “like-kind” property, enabling pre-tax returns to continue, rather than having them reduced by a substantial tax bite. Let City National Bank guide you through the process of a 1031 deferral.

Save Time and Money

The professionals in the Real Estate Group have a combined experience of more than 30 years in successfully accommodating exchanges. As City National Bank acts directly as the accommodator, the costs and more importantly the risks to the exchanger are significantly reduced. By using City National Bank you will save time and money, as well as enjoy competitive exchange fees. Let us help you ensure that your investment gains are increased by minimizing your tax liabilities.

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.

 

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