bargain sale or purchase

bargain sale or purchase
A sale of property for less than the fair market value of such property. The difference between the sale or purchase price and the fair market value of the property is required to be accounted for in terms of its tax consequences. Bargain sales and purchases among members of the same family may lead to gift tax consequences.
See dividend (constructive dividend)

Black's law dictionary. . 1990.

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  • bargain sale or purchase — A sale of property for less than the fair market value of such property. The difference between the sale or purchase price and the fair market value of the property is required to be accounted for in terms of its tax consequences. Bargain sales… …   Black's law dictionary

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • SALE — (Heb. מְכִירָה, mekhirah). Sale may be defined as the permanent transfer for consideration of existing legal rights from one person to another. The consideration may be in money or in kind. By extension the term sale is also used to denote a… …   Encyclopedia of Judaism

  • purchase — [n] possession obtained with money acquirement, acquisition, asset, bargain, booty*, buy, gain, investment, property, steal; concepts 446,710 Ant. sale, sell purchase [v] buy, obtain achieve, acquire, attain, come by, cop*, deal in, earn, gain,… …   New thesaurus

  • sale — I (New American Roget s College Thesaurus) Transfer for money Nouns 1. sale, selling, disposal, merchandising, deaccession; telemarketing; auction, vendue, market, custom, barter; business; salesmanship; vendibility, vendibleness, salability;… …   English dictionary for students

  • bargain — /ˈbagən / (say bahguhn) noun 1. an agreement between parties settling what each shall give and take, or perform and receive, in a transaction. 2. such an agreement as affecting one of the parties: a losing bargain. 3. Stock Exchange an agreement… …  

  • bargain — / bɑ:gɪn/ noun 1. an agreement on the price of something ● to strike a bargain or to make a bargain ♦ to drive a hard bargain to be a difficult person to negotiate with ♦ it is a bad bargain it is not worth the price 2. something which is cheaper …   Dictionary of banking and finance

  • Bargain and sale — Bargain Bar gain, n. [OE. bargayn, bargany, OF. bargaigne, bargagne, prob. from a supposed LL. barcaneum, fr. barca a boat which carries merchandise to the shore; hence, to traffic to and fro, to carry on commerce in general. See {Bark} a vessel …   The Collaborative International Dictionary of English

  • bargain — bar·gain 1 n often attrib [Old French bargaigne negotiation, haggling, from bargaignier to haggle] 1: an agreement between parties that settles what each gives or receives (as a promise or performance) in a transaction between them compare… …   Law dictionary

  • Bargain — Bar gain, n. [OE. bargayn, bargany, OF. bargaigne, bargagne, prob. from a supposed LL. barcaneum, fr. barca a boat which carries merchandise to the shore; hence, to traffic to and fro, to carry on commerce in general. See {Bark} a vessel. ] 1. An …   The Collaborative International Dictionary of English

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