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Answer: Like land exchange - exchange is ed when the aset s sold A ke na and acqure a sımilar tupe of axet p avoid tt capltci gain tax ke land exchange cne heauily montored by tte JRS and acaire accunate bookkeepng to engUre na apenalty iu tncurred ASsers are elgble for ce kind exchange treatment personal vendense. It Mut The aset being sold cannot be a investment propertT be a The aset being puechayed with te proceedy must be similar to the aet being soldl 3) The aset purchajed witam leo days fom tte Salc of xt asset fom Ite pioceeds of Ita cale. the afet wich is to be purchased ot ike kind exchenge shoued loe lelentiked witt in 4s dau from It date of sale.
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