Qualified Intermediaries (QIs)
are entities authorized to hold funds and other
property, as part of an exchange, during the
time-frame allowed by Internal Revenue IRC
Section 1031. As fiduciaries and accommodators
they arrange for one property to be sold and
another acquired, while deferring taxes on the original sales.
Originally used, almost
exclusively in transactions involving real
estate, Section 1031 is being increasingly used
in transactions involving personal property and
particularly by companies involved in the
acquisition and disposition of corporate assets.
At the forefront of this movement
is Accruit (www.accruit.com)
a QI/Accommodator, specializing in 1031
transactions performed on behalf of clients in
these categories:
|
Agriculture
Aircraft
Artwork
Automobile fleets
Collectibles
Construction
equipment
Equine
Golf courses
Hotels and motels
Livestock |
Manufacturing
equipment
Marine
Medical equipment
Mining equipment
Office buildings
Oil and gas equipment
Ranches and farms
Real estate
Rental properties
Retail stores |
Shopping centers
Telecom/IT
Tractors and trailers
Trucks
Utilities
Vacant land held for
investment
Warehouses
|
The use of Section 1031 for
transactions other than real estate is expanding
because of the appeal of replacing equipment and
other assets without adverse tax consequences,
and the QIs play a pivotal role on the movement.
