National Land Realty (NLR), a real estate land brokerage company specializing in farm, ranch, country estates, timber, recreational, and commercial development properties, has launched “Land 1031,” its new 1031 exchange service.
1031 exchanges enable property owners who normally pay anywhere from 30% to 40% in capital gains taxes (some even pay up to 62 percent in some instances) to exchange their existing real estate for properties of similar value while deferring 100% of the taxable capital gains associated with the sale.
1031 exchanges continue to be popular with landowners because of their ability to maximize value for landowners while ensuring a more favorable post-tax financial outcome and diversifying and expanding their investment portfolio.
“We see a growing demand among our clients for more diverse options to turn their property into profit,” shared Ronnie Richardson, CEO of National Land Realty. “Land 1031 allows us to provide our sellers with an opportunity to defer their capital gains taxes on all types of properties and reinvest into another property with the help of a qualified intermediary. It’s a fantastic tool for any landowner and we’re excited to add it to our growing list of services.”