In a Construction Exchange, the Qualified Intermediary uses exchange proceeds from the sale of the Relinquished Property to make designated capital improvements to the Replacement property within the terms of the Exchange Agreement. Title to the improved Replacement Property is conveyed to Exchanger with 180 days of the sale of the Relinquished property.
Guardian Exchange Services retains experienced Outside Counsel specializing in Construction Exchanges to draft all necessary paperwork for a Construction Exchange. We work with your attorney and/or tax advisor to ensure a smooth Construction Exchange process.
*It is imperative to always consult with your Attorney or Tax Advisor to determine if a 1031 Exchange is right for you.
