Southern Title Services Corp., a wholly-owned subsidiary of Southern Title, provides qualified intermediary services for clients wanting to take advantage of Internal Revenue Code Section 1031. This section provides that gain or loss is not recognized when property is exchanged for like kind property to be held for productive use in trade or investment. Southern Title Services can provide the necessary paperwork to properly complete your exchange. 

 

Some paperwork should be completed prior to the sale of your property. After the sale, you have 45 days to identify your replacement properties and 180 days to close on it. Let Southern help you defer thousands in taxes and act as your qualified intermediary.