Defer taxes. Finance more leases. Stay competitive.
Leasing companies that exchange old equipment for new equipment, such as fleets of vehicles, aircraft, or industrial equipment, can defer taxes on capital gains and depreciation recapture with a 1031 Like-Kind Exchange Program from NES Financial. Why NES Financial?
As the nation’s leading provider of 1031 like-kind exchange services for leasing companies, we bring unmatched expertise as a qualified intermediary (QI), highly-secure technology and top-tier custodial banking partners to develop and implement a solution so that you can:
- Defer taxes paid on asset sales
- Maximize cash available to finance more leases
- Increase the effective yield on leases
- Accelerate processing to drive efficiencies
What assets are exchangeable?
The IRS allows leasing companies to defer taxes with 1031 like-kind exchanges for high-volume sales of used, low-basis equipment and acquisitions of new equipment, such as:
- Trucks, tractors, trailers
- Construction and agricultural equipment
- Aircraft and aircraft engines
- Railway cars and locomotives
- Ships, tugboats and barges
What you get with NES Financial:
A skilled client services team that is highly experienced in 1031 exchanges for leasing companies. Our in-house lawyers have years of experience structuring 1031 exchanges, and our General Counsel is a recognized industry expert who developed the 1031 reverse exchange guidance during her ten years with the IRS National Office.
The only 1031 exchange solutions that offer stakeholders a view of all account activity (balances, interest postings, signed agreements) from anywhere, anytime through a highly-encrypted, password-protected web portal. Our fully-automated eSTAC™ platform enables 24/7 visibility.
Industry-leading safety measures and process controls to protect 1031 exchange funds. Your money is held in fully-liquid, FDIC-insured depository accounts with top-tier banking partners. Plus, your exchanges are protected by our errors & omissions insurance and fidelity bond coverage.
Each year we voluntarily undergo the industry’s most rigorous audit for SSAE 16 Type II certification – the same level of certification needed to obtain a federal bank charter. This certification can help our clients meet Sarbanes-Oxley Section 404 requirements.