like-kind exchange

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.]

like kind exchange Read More »

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。

like-kind exchange Read More »

Scroll to Top