Like-Kind Property
(redirected from Like-Kind Properties)

0.01 sec.

Like-Kind Property

Properties of the same type that are not necessarily the same property. Under U.S. tax law, two parties may exchange like-kind property without being subject to capital gains taxes. For example, if a person trades a rusty 1993 Chevrolet Cavalier for a mint-condition 1968 Chevrolet Corvette, he will not be liable for capital gains taxes on the extra value of the Corvette because both properties are automobiles. However, if he then trades the Corvette for 100 acres of farm land, he is liable for capital gains taxes because cars and real estate are not like-kind properties.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
1031 exchange carryover basis exchange			The IRS is quite liberal in its interpretation of like-kind properties and views almost all real estate as similar in nature or character. An overview of real estate like-kind exchanges by Leavins, John R.; Penkar, Samuel / Appraisal Journal			Life-Cycle Fund life-of-loan cap life-support systems Lifecycle Fund Lifeline Account Lifestyle Fund lifestyle mall lifetime cap Lifetime Employment Lifetime Learning Credit Lifetime Reverse Mortgage LIFFE LIFO LIFO Liquidation Lift lift the automatic stay Lifted Lifting a Leg lifting clause lifting the stay light and air light industry Lighten Up Like-for-Like Sales like-kind exchange Like-Kind Properties Like-Kind Property Likuta Lima Stock Exchange Limbo Limit Limit Cycles Limit Down Limit if Touched Limit Move Limit on Close Limit on Close Order Limit Order Limit Order Book Limit Order Display Rule Limit Order Information System Limit Price Limit Up Limit up, limit down Limit-On-Open Order Limitacion voluntaria de las exportaciones Limitation on Asset Dispositions Limitation on Conversion Limitation on Liens Limitation on Merger, Consolidation, or Sale Limitation On Sale-and-Leaseback			like the dickens Like The Wind like there ain't no tomorrow like there's no tomorrow like there's no tomorrow Like This Like This (song) like thunder like to like to hear oneself talk Like Totally Awesome like tryin' to scratch your ear with your elbow like turkeys voting for Christmas Like Water for Chocolate like water off a duck's back like wildfire like wildfire like wildfire like wildfire Like, Duh, Obviously Like, Oh My Gosh like, you know Like-for-Like Sale Like-for-Like Sales like-jacking like-kind Like-Kind Exchange Like-Kind Exchanges Like-Kind Properties Like-Kind Property like-minded like-minded Like-Minded Countries Like-Minded Individual like-mindedness like-mindedness like-named likeability likeability likeable likeable likeableness likeableness likeably likeably liked liked liked Likehood likehood ratio likejacking likelier likelier likelier likeliest likeliest likeliest likelihood likelihood

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

Like-Kind Property (redirected from Like-Kind Properties)

Like-Kind Property
(redirected from Like-Kind Properties)