Like-Kind Exchange of Business Interest – It's Not Just About Real Estate -Audio Webcast
February 2018
Like-Kind Exchange of Business Interest – It's Not Just About Real Estate
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Program Description
Like-kind exchange rules that are commonly used to exchange commercial real estate in tax-deferred transactions can also be used to exchange business interests and assets other than real estate. This use of like-kind exchange rules offers an attractive alternative structure to the conventional sale of business interests or assets. Not only is any tax on unrealized gain in the underlying assets deferred, the exchanged assets in some circumstances might result in favorable basis treatment, especially when combined with a IRC Section 338(h)(10) election, which treats a stock deal as an asset deal. This program will provide you with a practical guide to using like-kind exchange rules for business interests and assets other than real estate.
- Use of like-Kind exchange/Section 1031 rules to exchange business interests and assets other than real estate
- Types of transactions where like-kind exchanges make more sense than conventional sales
- How to allocate the transaction price to specific type of assets exchanged – intangibles, personal property, real estate, intellectual property, etc.
- Use of “Qualified Intermediaries” and other third parties in these transactions
- Like-kind exchange of business interests and IRC Section 338(h)(10) stock-treated-as asset sale elections
- Counseling clients about the risks involved in these types of transactions
Faculty:
Glenn M. Johnson is a member of the national tax department of Ernst & Young, LLP in Washington, D.C. He has extensive experience advising clients on like-kind exchange transactions involving real estate, intangibles, and equipment, and on multiple asset exchange programs. He has assisted many companies, including banks, captive finance subsidiaries, and national rental and leasing companies in designing and implementing mass-asset like-kind exchange programs. Mr. Johnson earned his B.A. in economics from Wesleyan University, his J.D., with honors, from Boston University School of Law, and his LL.M. in taxation from Georgetown University Law Center.
AUDIO WEBCAST INFORMATION:
Course materials are provided in PDF format to all audio webcast participants.
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ACCREDITATION INFORMATION:
Each Audio Webcast has been submitted for 1 (or 2) General CLE Credit(s). Courses with an Ethics Component have been submitted for Ethics Credits accordingly.
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Each program will run from 11:00 a.m. to 12:00 p.m. M.T. (60 minutes each).
Registration Fees
| Non Member | $89.00 |
| CBA Member | $59.00 |
| CLE ELITE Pass Holders | $0.00 |
- General Credits: 1.00
- Ethics Credits:
- EDI Credits:
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Access Timely Topics and National Experts with CBA-CLE 1-Hour Audio Webcasts