Artwork Exchange

The gain from the sale of collectable-artwork is taxed at a higher maximum capital-gain rate of 28% (rather than 15% for other capital-assets like real estate). 

This is why the exchange of collectable-artwork is SO IMPORTANT - because the rate of taxation is nearly double!

Note: C-corporations (selling appreciated artwork) may have to pay tax at ordinary income-tax levels as high as 35%. 

By using a qualified intermediary, you are allowed to postpone the recognition of gain indefinitely on the sale of qualifying-artwork by acquiring like-kind replacement-artwork.

45 Day Identification Requirement: Your replacement-artwork must be unambiguously designated or identified by you no later than 45 days after the date of the transfer of your relinquished-artwork.

180 Day Exchange Requirement: You must actually receive ownership to your new-artwork no later than 180 days after the date of the transfer of your old relinquished-artwork. This means that you have to actually receive your new replacement-artwork within the 180 day exchange-period.

Value Requirement: In order to defer all of the gain, your replacement-artwork typically should be equal or greater in value than your old relinquished-artwork, and all of your equity (or proceeds) from the sale of your old relinquished-artwork should be reinvested into your new replacement-artwork.

Structured properly, this exchange is essentially a tax-free rollover of the equity on the artwork being relinquished.

By keeping your profits working for you (and re-investing them into more like-kind investments) you can compound your wealth more rapidly.

Nation Wide Tax-Exchange Services:

Call Me Directly (Toll Free) At 1-888-308-1031 For A Free Consultation - Or Click Here To Start Your Exchange Online Today!