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Related to Boot: Boot disk


Money or an asset added to a trade in order to make it reflect the fair market value of the assets being traded. A common example of a boot is a trade between a new car and an old car. The person trading the old car will usually add money or another asset to the deal in order to make it "even." The boot is often taxable even in an otherwise tax-free transaction.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


(1) Money or other property that is not like-kind and is given to make up the difference in value between two properties exchanged in a like-kind exchange under Section 1031 of the Internal Revenue Code.If a gain would otherwise be recognized on the transaction,except for the intervention of the 1031 vehicle,then gain must be recognized and taxes paid to the extent of the value of the boot. (2) Especially in Texas, it is common among property developers to require some type of boot to show that more than money is involved in their business transactions.

Example: A seller might agree to sell prime property for $12,000,000, but only if the buyer throws in a particularly handsome bronze statue sitting on his desk.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.


Cash or property of a type not included in the definition of qualifying property for purposes of structuring a nontaxable exchange. The receipt of boot will cause an otherwise tax-free transfer to become taxable to the extent of the lesser of the fair market value of the boot or the realized gain on the transfer. Examples of nontaxable exchanges that could be partially or completely taxable due to the receipt of boot include transfers to controlled corporations and like-kind exchanges.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
In the old days, both extremely pointed boots and more rounder versions allowed a boot to easily slip in and out of a stirrup, but today, toe shape comes down to foot shape and personal taste.
ALONG with your yearly hunt for the perfect coat and stocking up on scarves, shopping for boots is one of the best forms of retail therapy when winter really starts to bite - and this year there's a bumper crop to choose from.
In the September/October 2012 * issue I told you guys about the weather-worn left-foot Tony Lama boot hung from an overhead beam, the mate to if interred out beyond the 25-yard line, and some of the guys' range-names, including "Boot," "Moon" and "Fiddlesticks." Since the boot has fallen, it's time for that tale.
Once the time comes for replacement of a deicer boot, our recommendation is to have it done at a shop that either specializes in the process or does it regularly.
Every style on the international catwalks came with boots included.
PS15, OLIWIA - BLACK REPTILE EFFECT BOOT: The small block heel adds that valued height while also being wearable.
Roll neck, PS89, high rise slim fit eco jeans with tall cuff, and leopard "Sadie" boots, PS288, J Crew
When it comes to boots, it's important to ask yourself: how high will you go?
Here are four boots trends that are set to dominate this year...
day in and that are set to Faith pink suedette bestie block heel ankle boots, currently PS47.20 down from PS59, Debenhams (
Multi coloured zebra design leather attitude ankle boots, currently reduced to PS36 from PS45, Dorothy Perkins 3 Pate nt boots A high shine gives block heeled a luxe feel, and this season's coolest pairs come with metallic heel detailing too.