Like-for-Like Sales

(redirected from Like-Kind Exchanges)

Like-for-Like Sales

The comparison of a company's sales over a given period of time to the sales from a different period of time that resulted from the same or similar activities. For example, if a company has $3 million in sales in 2009 from its flagship store, this is compared to its sales from the same flagship store in 2008 and not to any of its satellite stores. Comparing like-for-like sales ignores the effects of expansion or other changes in activities that could distort comparisons from year to year.
References in periodicals archive ?
David Ling (University of Florida) and Milena Petrova (Syracuse University), who co-authored the study -"The Economic Impact of Repealing or Limiting Section 1031 Like-Kind Exchanges in Real Estate" - based their findings on more than 1.
Investors in like-kind exchanges use 6 percent less leverage when compared to ordinary acquisitions.
The new California Form FTB 3840, California Like-kind Exchanges, is available on the FTB's website to allow for public comment.
To avoid actual or constructive receipt, in most deferred like-kind exchanges, the taxpayer hires a qualified intermediary (QI), an independent party that holds the sale proceeds until replacement property is acquired.
Targeted to financial planners, lawyers, accountants, brokers and portfolio managers, the book includes: a discussion for setting goals; cash flow needs; income tax planning covering such topics as alternative minimum tax, installment sales, like-kind exchanges and income shifting; asset allocation; portfolio vehicles and techniques; investment managers; debt management; retirement planning; risk management, estate planning; divorce; business succession; and, employee stock options.
Like-kind exchanges are a popular method of deferring taxes on the disposition of business or investment property.
The Tax Section: Sales, Exchanges and Basis Committee focuses on tax provisions covering transfers and ownership of property including like-kind exchanges (u1031).
WASHINGTON, July 9, 2015 /PRNewswire/ -- Real estate like-kind exchanges are an important vehicle for disposing of and acquiring properties and support the nation's financial growth, job creation and economy, according to a new report from the National Association of Realtors[sup.
Experienced practitioners then examined certain planning transactions and rules through the prism of the partnership rules, including disguised sales and like-kind exchanges.
Initially, Section 1031 was used to effect straightforward exchanges of real estate and other property, and from 1974 through the mid-eighties, like-kind exchanges were relatively rare.
In the tax area, IREM will work with National Association of Realtors (NAR) to retain current capital gains rules as they apply to appreciated property, like-kind exchanges and carried interest, in particular by keeping capital gains tax rates at the existing 15 percent while suspending passive loss rules.
168(i)-6 provide rules and examples to help harmonize depreciation treatment under the modified accelerated cost recovery system (MACRS) of the exchanged basis of relinquished and replacement property in like-kind exchanges and involuntary conversions under IRC [section][section] 1031 and 1033.