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Definitions for "Tax-Free Exchange"
Keywords:  deferred, kind, exchange, section, gain
Related Terms: Tax deferred exchange, Section 1031, Exchanger, Like-kind exchange, Exchangor, Tax-deferred exchange, Boot, Starker exchange, Constructive receipt, Delayed exchange, Exchange, Relinquished property, Carryover basis, Tax shelter, Simultaneous exchange, Reverse exchange, Replacement property, Accommodator, Exchange period, Tax swap, Recognized gain, Tax basis, Phantom income, Deferred income taxes, Ordinary income, Like-kind property, Self assessment, Recapture, Deferred tax, Capital gains tax, Revenues, Capital allowance, Deferred taxes, Exchange, Foreign tax credit, Exchange agreement, Charitable contribution, Franked income, Other income, Income taxes, Investment tax credit, Tax liability, Taper relief, Attribution rules, Cgt, Exempt, Double taxation, Capital allowances, Qualified intermediary
Section 1035 of the Internal Revenue Code provides that certain exchanges of life insurance contracts, annuity contracts, and modified endowment contracts will generally not trigger a taxable gain as long as the owner is the same person under both contracts. Section 1031 of the code provides for like-kind exchanges of business or investment property.
insurance.com
A method of deferring capital gains tax by exchanging one piece of property held for investment or the production of income for another piece of property of like kind.
wula.com
See Section 1031.
wjh-cpa.com
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