Exchanging Leaseholds Involving Real Property in a Like-Kind Exchange
dc.contributor.author | Harl, Neil | |
dc.contributor.department | Iowa State University Digital Repository | |
dc.date | 2018-02-19T06:28:01.000 | |
dc.date.accessioned | 2020-06-29T22:57:16Z | |
dc.date.available | 2020-06-29T22:57:16Z | |
dc.date.embargo | 2017-12-19 | |
dc.date.issued | 2013-08-23 | |
dc.description.abstract | <p>Almost 57 years ago, the Department of the Treasury issued final regulations1 making it clear that certain leaseholds in real estate (those with 30-years or more remaining) were eligible for like-kind exchange treatment.2 Nonetheless, the United States Tax Court decided a case in 2013 in which the parties argued, unsuccessfully, that the rules applicable to leasehold interests were merely a “safe harbor.”3 The outcome was quite costly to the taxpayers with $2,215,986 of additional gain recognized on the transaction with $832,347 additional federal income tax owed.4</p> | |
dc.identifier | archive/lib.dr.iastate.edu/aglawdigest/vol24/iss17/1/ | |
dc.identifier.articleid | 2192 | |
dc.identifier.contextkey | 11273734 | |
dc.identifier.s3bucket | isulib-bepress-aws-west | |
dc.identifier.submissionpath | aglawdigest/vol24/iss17/1 | |
dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/3672 | |
dc.source.bitstream | archive/lib.dr.iastate.edu/aglawdigest/vol24/iss17/1/AgLawDigest_v24n17_01.pdf|||Fri Jan 14 17:51:01 UTC 2022 | |
dc.subject.disciplines | Agricultural and Resource Economics | |
dc.subject.disciplines | Agricultural Economics | |
dc.subject.disciplines | Agriculture Law | |
dc.subject.disciplines | Public Economics | |
dc.title | Exchanging Leaseholds Involving Real Property in a Like-Kind Exchange | |
dc.type | article | |
dc.type.genre | article | |
dspace.entity.type | Publication | |
relation.isJournalIssueOfPublication | af2b222c-eb73-4f41-8ec2-3eb4d84c311f | |
relation.isOrgUnitOfPublication | d2bcee6c-7cba-4fa7-bd11-543354ce7b1b |
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