- delayed exchange
An exchange of property to put off capital gain taxes, in which the funds are placed in a binding trust for up to 180 days while the seller acquires an "exchanged" (another similar) property, pursuant to Internal Revenue Code Section 1031.Category: Personal Finance & RetirementCategory: Real Estate & Rental Property → Buying a HouseCategory: Real Estate & Rental Property → HomeownersCategory: Real Estate & Rental Property → Selling a House
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- delayed exchange
n.an exchange of property to put off capital gain taxes, in which the funds are placed in a binding trust for up to 180 days while the seller acquires an "exchanged" (another similar) property, pursuant to IRS Code sec. 1031. It is sometimes called a "Starker" after the man who first used this method and survived an IRS lawsuit.
Law dictionary. EdwART. 2013.
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