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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