Fast and accurate processing results in efficient preservation of capital for your business.
Under IRS Code Section 1031, like-kind exchanges enable individuals and organizations to defer recognition of capital gains liabilities that result from the sale of real estate or other assets, when the proceeds are used to acquire replacement “like-kind” assets.
By structuring asset sales as like-kind exchanges, individuals and organizations can replace obsolete or under-performing assets and preserve capital.
We have the expertise and flexibility to act as an escrow agent in like-kind exchange transactions, serving as a qualified intermediary and holding funds until the exchange is completed. Our experienced staff, along with our standard agreement, ensures your transaction is processed accurately and efficiently.
© 2014 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.