Through our relationship with our underwriter, LandAmerica, Principal Settlement Services is able to offer its clients the 1031 Exchange.

Why use Principal Settlement/LandAmerica?

The selection of your qualified intermediary(QI) is crucial to the success of your exchange. The vast majority of QIs provide inadequate financial guaranties or security for the net proceeeds of your sale. LandAmerica/Principal Settlement will back the documents and provide 100% security of your funds.

Powerful Tax Tool

With the potential for substantial tax savings in every transaction, tax-deferred exchanges have become a necessary procedure for owners of businesses and investment property of all types and sizes. Eligible properties include commercial, residential real estate, qualified leaseholds, home offices, and more.

Section 1031 of the Internal Revenue Code allows up to 100% deferral of realized gain. This includes the capital gain plus the accumulated depreciation recapture. For investors large and small, there is no other provisions in the tax code which favors this magnitude of tax deferral.