Original sentence: (US only) 1031 exchange - Defer tax by exchanging for "like kind" property--however, generally available only for real estate and tangible property, both of which must be business-related.However, employees who receive shares or options as part of their remuneration are taxed at the normal Hong Kong income tax rate on the the value of the shares or options at the end of any vesting period less any amount that the individual paid for the grant.in January 2009 (called as Abgeltungsteuer in german)
Edited sentence: (US only) 1031 exchange - Defer tax by exchanging for "like kind" property—however, generally available only for real estate and tangible property, both of which must be business-related.However, employees who receive shares or options as part of their remuneration are taxed at the normal Hong Kong income tax rate on the value of the shares or options at the end of any vesting period less any amount that the individual paid for the grant.in January 2009 (called as Abgeltungsteuer in German)