Like-Kind Exchanges

Increase your cash flow with a Like-Kind Exchange

If you’re a U.S. taxpayer, you can pay up to 40% tax on the gains when you sell equipment or trucks – which means that less money ends up in your pocket at the end of the auction. If you’re planning to replace the assets you’re selling with similar equipment in the near future, you can defer your taxes with a Like-Kind Exchange through Accruit.

The basics

• Any personal property used in your place of business is eligible for a Like-Kind Exchange – including construction and transportation equipment.
• You must be planning to replace the assets you sell with assets of a similar type. They don’t need to be the same age or quality, and they don't necessarily need to be the same type of equipment. A crawler tractor is like-kind to a scraper, for instance.
• You can’t complete a LKE on assets you’ve sold in the past. You must get your Like-Kind Exchange started before you sell.
• Accruit holds your funds in a secure account until you buy your replacement assets.
• You don’t have to buy at the same time you sell, but you must replace your assets with like-kind items within 180 days of selling. If you don’t, you must pay the tax on the items you sold.

Get started

Increase your cash flow and reinvest the entire proceeds from the sale of your equipment back in your business. Contact Accruit about completing a single LKE or starting a program of exchanges:

Phone: +1.866.397.1031
Email: info@accruit.com
Web: www.accruit.com

About Accruit

Accruit, LLC is the exclusive provider of 1031 Like-Kind Exchanges for Ritchie Bros. Auctioneers. The leader in Like-Kind Exchange services, Accruit provides the only comprehensive, fully integrated 1031 exchange solution in America. Accruit is also the preferred provider of 1031 Like-Kind Exchanges for the Associated Equipment Distributors (AED).