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Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.
The receipt of a boot will trigger recognition of gain when gain is realized on the exchange of the original asset, as shown above. A boot does not trigger recognition when a loss is realized. For example: Ashley trades in a business truck with an adjusted basis of $27,000 for another business truck worth $18,000 plus $2,000 of cash.
Getty By Trulia Home-buying and selling is stressful — and with industry acronyms and real estate terms flying at you from all directions, you may feel overwhelmed navigating your new real ...
Boot (real estate), any property received by a taxpayer in an IRC 1031 exchange which is not like-kind to the relinquished property Boot (torture) , a torture device for crushing the human foot Boot of beer , a form of beer glassware in the shape of a boot
Jaime Uziel knows that as a real estate attorney his clients depend on him to interpret the legalese that's part of any real estate transaction. He's happy to do that, he says, but he also tries ...
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However, a real property within the United States and a real property outside the United States would not be like-kind properties. Generally, "like kind" in terms of real estate, means any property that is classified real estate in any of the 50 U.S. states or Washington, D.C., and in some cases, the U.S. Virgin Islands.
Here are 15 real estate terms you need to know. Real Estate Agent Professional who represents the seller (listing agent) or buyer (buyer’s agent) in a real estate transaction.