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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
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Dune Paramount black lace-up boots, pounds 199 (far left); Laura Ashley contrast trim riding boots, pounds 135 (left); Russell & Bromley Victoria red platform boots, pounds 375 (right) Topshop Anika leopard print boots, pounds 65 (left); Kurt Geiger Salem biker boots in Gunmetal, pounds 190 (right) Neeve Ella GTX Boot, pounds 120 from Clarks
The effort to improve ANSF boot quality began in early 2010 in response to reports from fielded units of poor quality boots.
No matter what kind of style you go for, fur boots are your best bet to keep you warm.
PS29.50, Marks & Spencer CHELSEA BOOTS: Chelsea boots in imitation leather, featuring rubber soles, elastic gores in the sides and a loop at the back.
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A Because nothing says back to school like shopping for new boots, it's time to cancel your pedicure appointment and make room for some serious shoe shopping.
Summary: This report provides the forecast and analysis of the global snow boots market.
[USPRwire, Fri May 31 2019] This report provides the forecast and analysis of the global Snow Boots Market .
NEWCASTLE: Ponteland Road Pharmacy, Cowgate, 10am to 4pm; Asda, Hollywood Avenue, Gosforth 9am to 1pm and 2pm to 6pm; Boots, Sidgate, Eldon Square, 8am to 6pm; Boots, Hotspur Way, Eldon Square, 9am to 6pm; Asda, Fossway, Byker, 9am to 1pm and 2pm to 8pm; Boots, High Street, Gosforth, 10am to 4pm; Boots, Kingston Park, 9am to 6pm; Lloyds Pharmacy, inside Sainsburys, Etherstone Avenue, Heaton, 9am to 5pm; Tesco, Kingston Park, noon to 4pm.
There's something particularly pleasurable about buying boots, because unlike strappy sandals or sky-high stilettos that are reserved for holidays and special occasions, you can wear boots day in and day out, almost all year round.
So what's trending Zebra print leather pull on ankle boots, PS119, Sosandar ( in the boot department for 2019?