LIKE KIND Definition

LIKE KIND, in taxes, refers to property that is similar to another for which it has been exchanged: real estate exchanged for real estate, for instance. The definitions of like kind properties can be found in the US Tax Code at Section 1031.

Learn new Accounting Terms

TAMBALA is a currency of Malawi.

BOOK-TAX DIFFERENCE is pretax book income minus tax net income.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.

Purchase and download Glossary
Only $9.95