City National Bank, its affiliates and subsidiaries, as matter of policy, does not give tax, accounting, regulatory or legal advice. Rules in the areas of law, tax, and accounting are subject to change and open to varying interpretation. You should consult with our other advisors on the tax, accounting and legal implications of actions you may take based on any strategies presented taking into account your own particular circumstances.
Additional Terms and Agreements apply for all City National Bank products and services. For more information, please see the Treasury Management Disclosure and Agreement.
All loans, lines of credit and other credit products are subject to credit approval. Additional terms and conditions apply.
1 City National Bank, as a matter of policy, does not give tax, accounting, regulatory or legal advice. City National Bank’s role is limited to serving as Qualified Intermediary to facilitate 1031 exchanges. City National Bank does not make any warranties or representations regarding the tax consequences of any exchange transaction. The effectiveness of any 1031 exchange strategies will depend on the unique characteristics of the reader’s situation and on a number of complex factors. Rules in the areas of law, tax and accounting are subject to change and open to varying interpretations. Exchange services are not intended to be used and cannot be used for the purpose of avoiding any tax penalties that may be imposed. Before implementation, you should consult with your other advisors on the tax, accounting and legal implications of a 1031 tax-deferred real property exchange based on your particular circumstances. The summary and description of qualified exchanges and “like-kind” properties are for illustration purposes only and not intended to be exhaustive.
