CFOs are always on the lookout for different ways to save money, reduce taxes and enhance their bottom line. An under-utilized technique by companies to save taxes is the 1031 exchange.
A 1031 exchange involves selling one property and using the proceeds to buy another and in the process, defer any taxable gain you otherwise may have incurred on the sale.
In this whitepaper, you will learn how companies can utilize 1031 exchanges to save on taxes. We will provide you with some background on exchanges, the rules and some scenarios where you might find them beneficial.