Bargain sale definition

Bargain sale means a real estate transaction in which the landowner donates part of the value of the conservation easement by accepting a purchase price less than appraised fair market value.
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Bargain sale means a sale where a taxpayer is paid less than the fair market value for land or an interest in land.
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Bargain sale means a sale where the taxpayer is paid less than the fair market value of the land or interest in land.
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Examples of Bargain sale in a sentence

  • Bargain sale transactions other than charitable gift annuities may be accepted by the Charity only with the prior written approval of the Vice President of Development and theExecutive Vice President.

  • Purchased value of fee or conservation easements: (see Note 1& 2 below) Donated Value of fee or conservation easement: (see Note 3 below) Bargain sale components: Cash contribution.

  • The adjusted basis for determining the gain or loss from the sale or other disposition of property is the cost or other basis prescribed in section 1012 or other applicable provisions of subtitle A of the code, adjusted to the extent provided in sections 1016, 1017, and 1018 or as otherwise specifically provided for under applicable provisions of in- ternal revenue laws.§ 1.1011–2 Bargain sale to a charitable organization.

  • Bargain sale: The seller sells the land for less than the appraised market value and gains a charitable IRS deduction, thus avoiding some or all of the capital-gains tax.

  • Bargain sale rules apply, as the property is treated as if it were sold for the balance outstanding on the mortgage.

  • Bargain sale (Sale of property to the Academy Foundation for less than market value) 3.

  • Bargain sale transactions other than charitable gift annuities may be accepted by the Foundation only with the prior written approval of the President/CEO of the Foundation.

  • State the UTP which is introduced in MRTP Act by 1984.Unfair Trade Practices (UTP) falling under the following categories were introduced in 1984 in the MRTP Act: -Misleading advertisement and false representation; Bargain sale, bait and switch selling; Offering of gifts or prizes with the intention of not providing them and conducting promotional contests; Product safety standards.

  • The value of the Shares on Buy Back or for the purposes of a Matched Bargain sale will be the prevailing NAV per Share.

  • Bargain sale transactions may be accepted by MSM with the prior written approval of the Vice President for Advancement and the Senior Vice President and Chief Financial Officer, whose approval will be based on consultation with MSM’s legal and accounting counsel, with all concurring that the bargain sale is appropriate for MSM.


More Definitions of Bargain sale

Bargain sale means a sale where the taxpayer is paid less than the fair market value of the land
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Bargain sale transaction is a means by which a charitable organization recognizes income from non-cash contributions. In a legitimate bargain sale transaction, the charitable organization acquires property at less than its fair market value and records on its books as an asset the difference between the fair market value and the acquisition price. The donor also may be entitled to a charitable contribution deduction for that difference between fair market value and the price at which he sold the property.
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Bargain sale usually means a tax deduction. You sell on the cheap to a charity, and what you don’t get in sales price you get in a charitable contribution deduction. That’s the theory, and often it works just fine, subject to the inevitable technical details.
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Bargain sale. A sale to Green Acres, a land trust, or other qualified entity, at less than fair market value. The difference between the sale price and the appraised fair market value qualifies as a tax deductible, charitable contribution. Bequest: A gift of land or other asset through a person’s will. Charitable Donation: An outright gift or contribution, with charitable intent, whose value is deductible pursuant to federal and state income and estate/inheritance tax laws.
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Related to Bargain sale

  • Bargaining Unit means the unit of Employees as described on the Labour Relations Board Certificate.

  • Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.

  • Company Sale means a transaction with a third Person that is not an Affiliate of the Company or group of third Persons that, acting in concert, do not collectively constitute Affiliates of the Company, pursuant to which such Person or Persons acquire, in any single transaction or series of related transactions, (i) all of the outstanding Equity Securities of the Company, (ii) all or substantially all of the assets of the Company and its Subsidiaries or (iii) Equity Securities of the Company authorized and issued following the Effective Date and possessing the power to elect or appoint a majority of the Board of Managers (or any similar governing body of any surviving or resulting Person).

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Permitted Sale Leaseback means any Sale Leaseback consummated by the Borrower or any of the Restricted Subsidiaries after the Original Closing Date, provided that any such Sale Leaseback not between (a) a Credit Party and another Credit Party or (b) a Restricted Subsidiary that is not a Credit Party to another Restricted Subsidiary that is not a Credit Party is consummated for fair value as determined at the time of consummation in good faith by (i) the Borrower or such Restricted Subsidiary and, in the case of any Sale Leaseback (or series of related Sales Leasebacks) the aggregate proceeds of which exceed $100,000,000, (ii) the board of directors of the Borrower or such Restricted Subsidiary (which such determination may take into account any retained interest or other Investment of the Borrower or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale Leaseback).

  • Asset Sale means any direct or indirect sale, issuance, conveyance, assignment, transfer, lease (other than operating leases entered into in the ordinary course of business) or other disposition (including pursuant to any Sale and Lease-Back Transaction), other than to the Company or any of its Restricted Subsidiaries, in any single transaction or series of related transactions of:

  • Sale and Contribution Agreement means the Sale and Contribution Agreement, dated as of the date hereof, relating to the sale and contribution by Credit Acceptance to the Seller of the Conveyed Property, as defined therein.

  • Qualified Sale means a sale made by a qualified person through a charitable auction.

  • bargaining agent means the Elementary Teachers’ Federation of Ontario.

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Qualified disposition means a Disposition or a series of related Dispositions in which the consideration received by the Credit Parties is equal to or greater than $50,000,000.

  • Sale and Leaseback means, with respect to any Person, the sale of Property owned by such Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent leasing of such Property by the Buyer to the Seller.

  • Bill xx Sale means a bill xx sale substantially in the form attached hereto as Exhibit B.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Company Transaction means the consummation of

  • Bargaining Unit Member or “employee” means a University employee who is included in the bargaining unit as defined in Article 2: “Recognition and Scope”.

  • Permitted Sale and Leaseback Transaction has the meaning provided in Section 3.02(b).

  • Sale Leaseback means any transaction or series of related transactions pursuant to which the Borrower or any of the Restricted Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold, transferred or disposed.

  • Permitted Sale-Leaseback Transaction means a transaction pursuant to which a Credit Party sells an item of equipment to a financial institution and concurrently with such sale (i) leases such item of equipment back from such financial institution and (ii) subleases such item of equipment to a customer of the Credit Party pursuant to a sublease agreement under which such customer obtains an option to purchase such item of equipment at or before the end of such sublease.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Stock Sale means a transaction or series of related transactions in which a Person, or a group of related Persons, acquires from stockholders of the Company shares representing more than fifty percent (50%) of the outstanding voting power of the Company.

  • Permitted Sale-Leaseback Transactions means any sale or transfer by the Company or any of its Restricted Subsidiaries of any Principal Property owned by the Company or any of its Restricted Subsidiaries with the intention of taking back a lease thereof; provided, however, that “Permitted Sale-Leaseback Transactions” shall not include any such transaction involving machinery and/or equipment (excluding any lease for a temporary period of not more than thirty-six months with the intent that the use of the subject machinery and/or equipment will be discontinued at or before the expiration of such period) relating to facilities (a) in full operation for more than 180 days as of the date of this Supplemental Indenture and (b) that are material to the business of the Company and its Subsidiaries, taken as a whole, to the extent that the aggregate Attributable Value of the machinery and/or equipment from time to time involved in such transactions (giving effect to payment in full under any such transaction and excluding the Applied Amounts, as defined in the following sentence), plus the amount of obligations and Indebtedness from time to time secured by Liens incurred under Section 6.1(18), exceeds the greater of (i) $1,000 million and (ii) 15.0% of Net Worth as determined at the time of, and immediately after giving effect to, the incurrence of such transactions based on the balance sheet for the end of the most recent quarter for which financial statements are available (such greater amount, the “Applicable Threshold”). For purposes of this definition, “Applied Amounts” means an amount (which may be conclusively determined by the Board of Directors of the Company) equal to the greater of (i) capitalized rent with respect to the applicable machinery and/or equipment and (ii) the fair value of the applicable machinery and/or equipment, that is applied within 180 days of the applicable transaction or transactions to repayment of the Notes or to the repayment of any indebtedness for borrowed money which, in accordance with GAAP, is classified as long-term debt and that is on parity with the Notes.

  • Third Party Sale means any sale for resale in interstate commerce to a Power Purchaser that is not designated as part of Network Load under the Network Integration Transmission Service but not including a sale of energy through the PJM Interchange Energy Market established under the PJM Operating Agreement.

  • Equity Transaction means, with respect to any member of the Consolidated Parties, any issuance or sale of shares of its Capital Stock, other than an issuance (a) to a Consolidated Party, (b) in connection with a conversion of debt securities to equity, (c) in connection with the exercise by a present or former employee, officer or director under a stock incentive plan, stock option plan or other equity-based compensation plan or arrangement, or (d) in connection with any acquisition permitted hereunder.

  • Real estate transaction or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property. For purposes of this chapter, a prospective transaction does not exist until a written offer has been signed by at least one of the parties.

  • Specified Disposition means any disposition of all or substantially all of the assets or Equity Interests of any Subsidiary of the Borrower or any division, business unit, product line or line of business.