1031 Like-Kind Exchanges (LKEs) by Accruit, exclusive provider to Ritchie Bros. Auctioneers

Equipment sellers who pay taxes in the US and plan to buy similar equipment in the near future may be able to defer taxes by using a like-kind exchange program.


About Accruit’s 1031 Like-Kind Exchanges (LKEs)

If you're thinking of selling your equipment and are likely to buy more, you should consider a 1031 Like-Kind Exchange (LKE) to increase your cash flow by deferring taxes. An LKE allows you to reinvest the entire proceeds from your equipment sales into replacement asset(s), rather than paying up to 40% tax on the gains.

Talk to the experts at Accruit about a single or a program of 1031 exchanges. 1031 Like-Kind Exchanges work for capital intensive businesses, including construction, heavy equipment and transportation companies.

Getting started is easy, but your LKE must be set up before you sell in one of our auctions. For more information on Accruit, visit www.accruit.com or call Gordie Hershiser at 877.793.9215.

Click here for answers to Frequently Asked Questions

About Accruit
Accruit, LLC is the leader in personal property Like-Kind Exchange services and is the only fully integrated Qualified Intermediary to provide a patent-pending process and outstanding 24/7 customer service.

Accruit is the exclusive provider of 1031 Like-Kind Exchanges for Ritchie Bros., and the preferred provider of 1031 Like-Kind Exchanges for the Association of Equipment Distributors.