Sentences with phrase «debt on the replacement»

«Mortgage boot», also sometimes referred to as «debt relief,» is the exchanger having less debt on the replacement property or properties that they had on their relinquished property.

In order to defer 100 % of the applicable depreciation recapture and capital gain income tax liabilities, Investors must meet three requirements when structuring tax - deferred like - kind Exchanges: (1) Exchange or trade equal or up in value; and (2) reinvest 100 % of the Investors equity (net cash proceeds from sale of relinquished property); and (3) replace any debt with new debt on the replacement property.

There is no requirement to have any debt on the replacement property.

Mortgage Boot / Relief: When you assume debt on your replacement property that is less than the debt on your relinquished property, you receive mortgage boot or mortgage relief.

Not exact matches

Refinancing student debt is similar to federal student loan consolidation in that borrowers take on a large, single loan in replacement of several smaller loans.

Yes, there were challenges associated with that move — debts to pay, players sold without proper replacements and the whole nine yards, but we still tried to compete, even though we fell short on several occasions and none hurts more than the 2006 Champions League final but nine years of a trophy drought changed to sheer elation when the Gunners won the FA Cup in 2014.

The referendum will seek $ 115 Million in funding for three school construction projects, major renovations and repairs, continuation of CCSD's National award - winning technology program, replacement of aging school buses, land acquisition with a focus on a solution for Cherokee High School overcrowding and, «the No. 1 priority»: continued retirement of bond debt from the last 15 years of construction projects.

While the primary purpose of the program is to help charter schools, «Finance school building projects, including the construction, purchase, extension, replacement, renovation or major alteration of a building to be used for public school purposes,» the law does allow charter school companies to seek grants to, «Repay debt incurred for school building projects, including paying outstanding principal on loans which have been incurred for school building projects.»

Greece is completely insolvent, as is much of the EU, the Middle East is in revolt with the replacement governments LESS stable than the dictators that preceded them, the US debt continues to balloon and we're on the verge of an outright way with Iran.

In those cases — and if you are current on payments — you can surrender the property to pay off creditors; reaffirm the debt and continue to pay it after the bankruptcy; or redeem it by paying the creditor the replacement value of the property.

Refinancing student debt is similar to federal student loan consolidation in that borrowers take on a large, single loan in replacement of several smaller loans.

If the total liabilities on the replacement property exceed the debt that had existed on the relinquished property (assuming the taxpayer does not receive any cash or other non-like-kind property), the basis of the new property will increase.

In theory, the amount of debt is now manageable, so management can probably continue focusing on debt replacement (at cheaper rates), rather than retirement.

Mortgage boot, which can also be referred to as debt relief, is a term describing a taxpayer's reduction in mortgage liabilities on the purchase of a replacement property or properties.

This can be helpful in that if the funds were being counted on for payment of certain debts or the replacement of the insured's income, there would be a set amount coming to the insured's survivors from the variable life plan.

Income replacement option this plan ensures that your income is replaced and continues to be paid to your nominee in case you're not around for the return of premium option if you survive your policy term then all your premiums paid till date will be returned on debt or diagnosis of terminal illness during the term a lump sum benefit will be paid to your nominee lifelong protection option this plan ensures that you are protected for your entire life.

An even better scenario would be to have a term policy to cover accumulated debts and income replacement, and then a separate Final Expense or Burial Insurance policy to make certain that the costs related to funeral and burial expenses are not passed on to your loved ones.

And, you must replace the debt that was paid off on the sale of the relinquished property with an equal amount of debt on the like - kind replacement property.

There is conflicting information on whether or not the debt has to be equal and I've decided the FMV being equal on the replacement properties is the most important factor to remember.

When mortgaged properties are involved, boot also includes the excess of the mortgage on the relinquished property (the debt you get rid of) over the mortgage on the replacement property (the debt you assume).

Partial Exchange: When a tax - deferred like - kind exchange entails receiving cash, excluded property and / or non-like-kind property and / or any net reduction in debt (mortgage relief) on the replacement property as well as an exchange of qualified, like - kind property.

Generally, for full tax deferral, you must (1) acquire like - kind replacement property that is equal to or greater in value than the relinquished property sold (based on net sales price, not based on your equity); (2) must reinvest all of the net proceeds or cash (net equity) generated from the sale of the relinquished property; and, (3) must replace the amount of old debt that was paid off on the disposition of the relinquished property with new debt of an equal amount on the like - kind replacement property.