Friday, July 27, 2007
WHO WE ARE
Aloha 1031 Exchange Accommodators, is a wholly owned division of SB&OH Exchange Accommodators, LLC headquartered in Tacoma, Washington. Aloha 1031 Exchangors is devoted exclusively to serving investors in the state of Hawaii. We are a firm of practicing attorneys who have extensive experience in tax deferred exchanges of both real and personal property. We are highly qualified and committed to offer creative wealth protection to investors under § 1031 of the IRS Code.
WHAT WE DO
Aloha 1031 Exchangors act as accommodators or facilitators for real estate or personal property exchanges performed under § 1031 of the IRS Code. That Code allows investors to defer capital gains taxes on the sale of property held for investment or for a business use. It can be either personal or real property. The process requires the sale of "relinquished properties" and exchange for "replacement properties." Although it can be a direct, immediate swap, it usually involves a deferred exchange on the sale of one property and the later purchase of another. There are both timing and procedural requirements to qualify. One of them is the use of an Accommodator to hold the funds. The Accommodator's function is not only to hold funds during the period of the exchange and to make them available for the purchase of the replacement property; but to assure that all requirements are properly met and procedures properly followed.