Investment Property Rule: The Internal Revenue Code specifies that no gain or loss should be recognized on the exchange of property held for productive use in trade or business or for investment if the property is exchanged for property of like kind that is to be held for productive use in trade or business or for investment.

 

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Investment Property Rule: The Internal Revenue Code specifies that no gain or loss should be recognized on the exchange of property held for productive use in trade or business or for investment if the property is ex . . . View Full Definition

Property Taxes: Assessment made by county or city assessors office for real property taxes. Payment dates may vary according to state regulation.

Property Tax: Local tax assessed on property owned, such as real estate or automobiles.

Property, Plant And Equipment (PP and E): Assets used in the operations of a business that have a useful life greater than one year, including land, buildings, machinery, equipment, and furniture. Also known as fixed assets. See als . . . View Full Definition