Related Party Like-Kind Exchanges: Teruya Brothers and Beyond

Journal of Taxation, Vol. 111, p. 324, December 2009

25 Pages Posted: 22 Dec 2009  

Kelly E. Alton

Nationwide Exchange Services

Bradley T. Borden

Brooklyn Law School

Alan S. Lederman

Akerman, Senterfitt

Date Written: December 2009

Abstract

The Ninth Circuit recently held that the non-tax-avoidance exception of Section 1031(f) generally will be unavailable where the taxpayer defers tax through a related-party exchange and cannot establish that the related party will incur a higher "tax price." This article examines this new addition to the body of law governing related-party exchanges and discusses planning approaches that exist after the ruling.

Keywords: related-party like-kind exchange, Teruya Brothers

Suggested Citation

Alton, Kelly E. and Borden, Bradley T. and Lederman, Alan S., Related Party Like-Kind Exchanges: Teruya Brothers and Beyond (December 2009). Journal of Taxation, Vol. 111, p. 324, December 2009. Available at SSRN: https://ssrn.com/abstract=1526689

Kelly E. Alton

Nationwide Exchange Services ( email )

50 West San Fernando Street
Suite 300
San Jose, CA 95113
United States

Bradley T. Borden (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

Alan S. Lederman

Akerman, Senterfitt ( email )

One Southeast Third Avenue
25th Floor
Miami, FL 33131-1714
United States

Paper statistics

Downloads
153
Rank
158,793
Abstract Views
1,122