delayed exchange
An exchange of property to put off capital gain taxes, in which the funds are placed in a binding trust for up to 180 days while the seller acquires an "exchanged" (another similar) property, pursuant to Internal Revenue Code Section 1031.
Category: Personal Finance & Retirement
Category: Real Estate & Rental Property → Buying a House
Category: Real Estate & Rental Property → Homeowners
Category: Real Estate & Rental Property → Selling a House

Nolo’s Plain-English Law Dictionary. . 2009.

delayed exchange
n.
   an exchange of property to put off capital gain taxes, in which the funds are placed in a binding trust for up to 180 days while the seller acquires an "exchanged" (another similar) property, pursuant to IRS Code sec. 1031. It is sometimes called a "Starker" after the man who first used this method and survived an IRS lawsuit.

Law dictionary. . 2013.

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