1031 Exchanges: Postpone taxes on the sale of your business.
When you sell real estate, consideration should be given to deferring the taxable consequences of the sale by a properly structured 1031 real estate exchange. Let VDM Consulting Group, Inc. help you understand the pluses and minuses of these transactions. If the sale of your business is a vehicle to purchasing your next business, a 1031 exchange is often very advantageous. If it is the time to retire or semi-retire, purchasing a low-risk, low management, income property can be very attractive. Buildings with long-term net leases with major companies are available and can become part of a retirement plan investment strategy. There are strict rules concerning the timing and the structuring of these types of transactions. If you are contemplating a sale in the next year or two, you should start now planning as to how you will invest the proceeds of the sale and understand the merits of purchasing replacement real estate in a 1031 exchange transaction as part of your overall re-investment strategy. We can provide that information at no cost to you, and assist you in a transaction if that is advantageous for you.