Sentences with phrase «property held primarily»

Excluded Property: The rules for like - kind exchanges do not apply to property held for personal use (such as homes, boats or cars); cash; stock in trade or other property held primarily for sale (such as inventories, raw materials and real estate held by dealers); stocks, bonds, notes or other securities or evidences of indebtedness (such as accounts receivable); partnership interests; certificates of trust or beneficial interest; choses in action.

An Internal Revenue Code (IRC) Section 1031 tax deferred exchange allows the taxpayer to defer the federal, state capital gain and recaptured depreciation taxes triggered when selling property held primarily in a business or for investment when replaced with property of equal or greater value held in a business or for investment.

Up to $ 1,000 of your interest in household furnishings, household goods, clothing, appliances, books, animals kept as pets and other property held primarily for family household use.

The tax deferral strategy is not to be used for second homes with greater than 14 overnights of personal use or for those properties held primarily for profit such as flipping.

Not exact matches

However, right now, the Senator is focused primarily on ensuring that the Senate continues his efforts to preserve and create jobs, while working toward a responsible budget that holds the line on taxes, makes tough cuts, and re-prioritizes what funding is available to protect our parks and historic sites, our correctional facilities and provides property tax relief.»

The Adirondack Park Agency is currently holding public hearings across the state to glean public input before the state Department of Conservation determines a recreational usage plan for the property, primarily located in Newcomb and North Hudson.

While the transfer of real property held personally should qualify for a Section 85 election to rollover the properties at their cost base, you will want to be sure the CRA will not consider your properties to be held as «inventory»; that is property, held primarily for resale rather than rental.

In situations (b) and (c), the property is an income - earning investment property that is not held primarily for personal use and enjoyment.

Below are some highlights from the above linked analysis: Company Description: Cincinnati Financial Corp. is an insurance holding company that primarily markets property and casualty coverage.

Net cash used in investing activities in 2011 primarily resulted from continued investment in internally developed capitalized software and the purchase of property and equipment, including approximately $ 2.5 million for data center server and computer equipment upgrades to support our operations and online legal platform, offset in part by a decrease in restricted cash held by a financial institution for banking and credit card merchant services.

Selective Insurance Group, Inc. is primarily a holding company for ten customer - focused property and casualty insurance companies.

What started as a behind - the - scenes buyout attempt bubbled into a public war as Agree Realty Corp., a small retail REIT that owns primarily single - tenant properties in 15 states, ispurned a third offer in May from privately - owned Compson Holding...

We buy fixer uppers, renovate them and hold on to them as rental properties, primarily single family homes.

Fees for Reverse Exchange transactions are higher than fees for forward, delayed tax - deferred like - kind Exchange transactions primarily due to the significantly increased risk that is assumed by the Exchange Accommodation Titleholder (EAT) when acquiring, holding and «parking» legal title to the Investor's relinquished or replacement property.

(Sec. 13303) This section modifies the rule providing for the nonrecognition of gain in the case of like - kind exchanges to limit the application of the rule to real property that is not held primarily for sale.

I am primarily interested in buy and hold properties to generate cash flow and flips.

I invest in GR (primarily buy and hold) and I won't write an offer on a property unless I think I can get a cash on cash return of 15 % + with the property also being located in one of the better, up and coming neighborhoods.

For the properties I want to buy in Denver, I am primarily interested in the buy and hold strategy.

@Anthony G. I'm definitely still learning what my options are, but so far I am interested primarily in buy - and - hold / rental properties.