The benefits to you include:

• Tax deferral of capital gains
• A professional holding company ensures the security of your asset transactions
• The 1031 Transfer easily satisfies the requirements of the IRS with minimal paperwork
• Saves you money and time

The Like-Kind Exchange is an IRS-sanctioned practice that allows a company or business to take the proceeds from the sale of a fully depreciated piece of equipment and apply these proceeds towards the purchase of similar types of equipment. 100% of the proceeds from the sale are applied towards the purchase of the new piece of equipment and your taxes are effectively deferred. This practice can be continued forward, deferring the taxes indefinitely.

This is possible by using Altec Capital Services, LLC as a holding company called a Qualified Intermediary. Altec Capital Services, LLC holds the proceeds of a sale for the express purpose of applying those proceeds towards the purchase of replacements. This third party aspect is what satisfies the IRS requirements.

The LKE program is another service that Altec Capital Services, LLC offers to our customers in an effort to become your Asset Management Partner.

For more information on the Like-Kind Exchange or any of our other products and services, please contact us toll free at 866-624-4093.