like-kind exchange
like-kind exchange 同类(财产)交换 指以某一行业生产所用或投资所需财产去交换另一行业或投资所需的财产(存货、股票、债券除外)。除非收取现金，此类交换是不征税的。判断所交换的财产是否属于「同类」，从而其交换的收益不作为联邦所得税的征收对象，要看所交换的财产在性能和特征上是否相同，不能仅因品级或质量差异而否定其为同类交换。
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Search Results for: LIKE-KIND EXCHANGE
exchange
exchange, n. Commercial law. 1. The act of transferring interests, each in consideration for the other. [Cases: Exchange of Property 1. C.J.S. Exchange of Property §§ 2–3.] bargained-for exchange. See BARGAINED-FOR EXCHANGE. like-kind exchange. See LIKE-KIND EXCHANGE. tax-free exchange. See TAX-FREE EXCHANGE. 1031 exchange. See 1031 EXCHANGE. 2. Money or negotiable instruments presented as payment;
like kind exchange
like-kind exchange. An exchange of trade, business, or investment property (except inventory or securities) for property of the same kind, class, or character. • Such an exchange is not taxable unless cash or other property is received. See IRC (26 USCA) § 1031. [Cases: Internal Revenue 3184. C.J.S. Internal Revenue §§ 120–121, 124.]
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tax free exchange
tax-free exchange. A transfer of property for which the tax law specifically defers (or possibly exempts) income-tax consequences. • For example, a transfer of property to a controlled corporation under IRC (26 USCA) § 351(a) and a like-kind exchange under IRC (26 USCA) § 1031(a). [Cases: Internal Revenue 3184; Taxation 996. C.J.S. Internal Revenue §§
like kind property
like-kind property. Tax. Property that is of such a similar kind, class, or character to other property that a gain from an exchange of the property is not recognized for federal income-tax purposes. See LIKE-KIND EXCHANGE. [Cases: Internal Revenue 3184. C.J.S. Internal Revenue §§ 120–121, 124.]
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boot
boot n. (1)(税法)应税差额 指贴换交易〔like-kind exchange〕中，虽然该交易一般整体上是免税的，但其中涉及的额外的金钱或无关的财产，却应当作其接受方应税收入。 (2)(公司法)附属利益；附加财产 指在公司改组中从被控制公司处所得的除股票和股份以外的财产。 (3)(商法)贴补差额；补价 在资产贴换交易中用以弥补两者差额的金钱或其他对价。例如，以价值500美元的机器与价值1 000美元的机器进行交换，再行补价500美元。 (4)〈撒克逊〉 (=estover(s))