Properties Exchanged

Some articles on properties, exchanged:

Cottage Savings Association V. Commissioner - Majority Opinion
1.1001-1), which required that an exchange of materially different properties constitutes a realization under the Tax Code ... Marshall reasoned that properties materially differ for tax purposes when their respective possessors enjoy different legal entitlements from each ... As long as the properties being exchanged were not identical, a realization had taken place ...

Famous quotes containing the words exchanged and/or properties:

    [They] exchanged the quick, brilliant smile of women who dislike each other on sight.
    Marshall Pugh (b. 1925)

    The reason why men enter into society, is the preservation of their property; and the end why they choose and authorize a legislative, is, that there may be laws made, and rules set, as guards and fences to the properties of all the members of the society: to limit the power, and moderate the dominion, of every part and member of the society.
    John Locke (1632–1704)