Assertion: capital's business | /r/CapableOf | sell property
Facets:
value: for a gain
type: PURPOSE
Source sentences:
text: If a business develops and sells properties, gains are taxed as business income rather than investment income.
text: If the business then sells the asset for a gain (that is, for more than its adjusted cost basis), this part of the gain is called depreciation recapture.
text: For example, a business may sell one property and buy a larger one in a better location.
text: If a business sells property but uses the proceeds to buy similar property, it may be treated as a "like kind" exchange.