 As used in section 1031 (a), the words "like kind" have reference to the nature or character of the property and not to its grade or quality. One kind or class of property may not, under that section, be exchanged for property of a different kind or class....  Internal Revenue Cumulative Bulletin - Page 225by United States. Internal Revenue Service - 1973Full view - About this book
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...that any real estate involved in -an exchange is improved or unimproved make0 no difference, for such fact relates only to the grade or quality of the property...or future realization of the increment in value, is l!eld for investment and not primarily for sale. (&) If common stock in a corporation is exchanged... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property...is held for investment and not primarily for sale. (b) If common stock in a corporation is exchanged solely for common stock in the same corporation,... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property...is held for investment and not primarily for sale. If a dealer in real estate exchanges one piece of property for another, he is required to treat the... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property and not to its kind or claw. Unproductive real estate held by one other than a dealer for future use or future realization... | |
 | Robert Hiester Montgomery - Excess profits tax - 1925 - 1928 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property...is held for investment and not primarily for sale (Art. 1572.) Article 1572 intimates that real estate dealers are not permitted to exchange one piece... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property...dealer for future use or future realization of the increments in value is held for investment and not primarily for sale (Art. 15/2.) Article 1572 intimates... | |
 | Robert Hiester Montgomery - Excess profits tax - 1923 - 1760 pages
...excluded from the provisions of this paragraph stock-in-trade or other property held primarily for sale. Unproductive real estate held by one other than a...is held for investment and not primarily for sale (Art. 1566.) It will be observed from the foregoing article that a liberal interpretation is given... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property...is held for investment and not primarily for sale. • (b) If common stock in a corporation is exchanged solely for common stock in the same corporation,... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...that any real estate involved in an exchange is improved or unimproved makes no difference, for such fact relates only to the grade or quality of the property...is held for investment and not primarily for sale. (b) If common stock in a corporation is exchanged solely for common stock in the same corporation,... | |
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