Accruit was pleased to contribute to the following letter submitted to the Senate Finance Committee yesterday on behalf of the 1031 Like-Kind Exchange Coalition. We are seeing great strides in our efforts with Congress as we continue to educate members on the benefits that 1031 like-kind exchanges bring to the economy.
The leasing industry is no different than any other type of business in which cash flow and residual value of equipment drive profitability and ROI. Whether you are managing an operating lease or a tax lease of heavy equipment, trucks, cars, office equipment, etc., you could face a tax rate of 40% on the
gains from the sales proceeds of the equipment coming off of lease. Leasing companies that can infuse a
like-kind exchange (LKE) cash benefit into the equation can provide heightened value to their portfolios.