Replacement Property

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Dictionary Says

Definition of 'Replacement Property'

Any property that is received as a replacement for property that was lost as a result of an involuntary conversion, such as theft. Replacement property can be either personal or business property and can include real estate, machinery and equipment, vehicles or personal equipment. Replacement property is often provided for by casualty-insurance carriers.

Investopedia Says

Investopedia explains 'Replacement Property'

The value of replacement property can sometimes exceed the value of the property that was lost. In this case, the taxpayer will realize a taxable gain on the difference between the excess value of the replacement property and the adjusted basis of the property that was lost. However, there are rules that allow for deferral of this gain provided certain conditions are met, and the gain can also be excluded if the property is the taxpayer's personal residence. 
Search results for

'Replacement Property'

  • Use Real Estate To Put Off Tax Bills

    http://www.investopedia.com/articles/tax/08/real-estate-reduce-tax.asp
    ... Thus, the amount of debt assumed with the replacement property must be equal to
    or greater than the value of the debt retired when the relinquished property is ...

  • Trade Properties To Keep The Taxman At Bay

    http://www.investopedia.com/articles/mortgages-real-estate/08/like-kind-property-exchange.asp
    ... a transaction as a 1031 exchange, an investor must identify the property to be
    exchanged before closing, and identify the replacement property within 45 days ...

  • Intro To Insurance: Property And Casualty Insurance | Investopedia

    http://www.investopedia.com/university/insurance/insurance3.asp
    ... cover. The amount of coverage you should consider should be based on the
    replacement cost value of your home or property. Replacement ...

  • The Importance Of Property Insurance

    http://www.investopedia.com/articles/insurance/09/property-insurance.asp
    ... clause. This is (depending on local laws) where the property is insured
    for less than say 80% of its current replacement cost. A ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/default.asp
    ... for Homeowners Insurance; 10.4 Replacement Values of Lost Property; 10.5
    Homeowner Endorsements and Auto Insurance; 10.6 Automobile ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/cfp4.asp
    ... for Homeowners Insurance; 10.4 Replacement Values of Lost Property; 10.5
    Homeowner Endorsements and Auto Insurance; 10.6 Automobile ...

  • How does the 80% rule for home insurance work, and how do capital ...

    http://www.investopedia.com/ask/answers/06/80percentrule.asp
    ... 2006 | Filed Under ยป Casualty Insurance, Health Insurance, Insurance, Life Insurance,
    Property Insurance. ... to at least 80% of the house's total replacement value ...

  • How Property Taxes Are Calculated

    http://www.investopedia.com/articles/tax/09/calculate-property-tax.asp
    ... the assessor must look at what similar properties are selling for under the current
    market conditions, how much the replacement costs for the property would be ...

  • What Is And Isn't Covered By Homeowners Insurance - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1211/What-Is-And-Isnt-Covered-By-Homeowners-Insurance.aspx
    ... Replacement Cost Vs. Fair Market Value Not all insurance policies offer
    homeowners the replacement cost of the property. Replacement ...

  • Do You Need Casualty Insurance?

    http://www.investopedia.com/articles/pf/08/casualty-insurance.asp
    ... can withstand a natural disaster.) With flood insurance, claim amounts can either
    be actual cash value or replacement cost of the damaged property or item. ...

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