Deferred Tax

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Definitions
Like-Kind Exchange
Like-Kind Exchange Tax-Free Exchange Capital Gains Tax IRS Section 1031 Real Estate Transactions Deferred Tax
A like-kind exchange, also known as a tax-free exchange, is a transaction or series of transactions that allow for the deferral of capital gains tax if certain conditions are met.
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Definitions
Originating Timing Difference
Originating Timing Difference Timing Difference Deferred Tax Accounting Tax Base Temporary Differences
In accounting, an originating timing difference refers to the initial recognition of a difference between the carrying amount of an asset or liability and its tax base that will result in taxable or deductible amounts in future periods.
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