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.]

---

词条贡献者

双语律师Natalie，毕业于法国一流的高级翻译学院，擅长翻译各类与监管与政府事务相关的法律文件。