Section 1031 of the Internal Revenue Code allows qualified real estate owners to sell and reinvest in a property of “like kind” and defer the capital gains tax. Those who may benefit include:
- Real estate developers
- Oil and gas developers
- Business owners selling one property to finance the purchase of another
BBVA Compass does not take title to a property but serves as a “qualified intermediary” or agent for the sale and reinvestment in a property of “like kind.”
Securities and Insurance Products:
|Are NOT Deposits||Are NOT FDIC Insured|
|Are NOT Bank Guaranteed||May Lose Value|
|Are NOT insured by any Federal Government Agency|
Insurance products offered through BBVA Compass Insurance Agency, Inc., an affiliate of BBVA Compass. Investment products may be offered through one or more of: the Correspondent and Investment Services division of BBVA Compass, the Trust Department of BBVA Compass, or BBVA Compass Investment Solutions, a Division of BBVA Securities Inc., member FINRA and SIPC and an affiliate of BBVA Compass.
*Compass Retirement Solutions is a division of Compass Bank.