of like kind
1like–kind exchange — n: an exchange of business or investment property of the same kind, class, or character and excluding securities that is made pursuant to section 1031 of the Internal Revenue Code and is thus exempt from taxation Merriam Webster’s Dictionary of… …
2like-kind property — Property that is similar to property being sold in a 1031 exchange. Property must be like kind to be eligible for an exchange, but that does not mean it need be similar. Properties must simply be of the same nature or character (meaning both are… …
3like-kind exchange — n. An exchange of an item of property for another item of property of a similar type and value, usually nontaxable. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. like kind exchange …
4Like-kind exchange — A like kind exchange is a United States tax deferred exchange that allows for the disposal of an asset and the acquisition of another similar asset without generating a tax liability from the sale of the first asset. A like kind exchange can… …
5Like-Kind Exchange — A tax deferred exchange that allows for the disposal of an asset and the acquisition of another similar asset without generating a tax liability from the sale of the first asset. This can include the exchange of one business for another or one… …
6Like-Kind Property — Any two assets or properties that are considered to be the same type, making an exchange between them tax free. To qualify as like kind, two assets must be of the same type (e.g. two pieces of residential real estate), but do not have to be of… …
7like-kind exchange — An exchange of property held for productive use in a trade or business or for investment (except inventory and stocks and bonds) for other investment or trade or business property. Unless cash is received, the exchange is nontaxable. I.R.C. No.… …
8like-kind property — See like kind exchange …
9like-kind exchange — An exchange of property held for productive use in a trade or business or for investment (except inventory and stocks and bonds) for other investment or trade or business property. Unless cash is received, the exchange is nontaxable. I.R.C. No.… …
10like-kind property — See like kind exchange …
