Section 1231 Property

Section 1231 Property,

What is Section 1231 Property?

Section 1231 Property is a type of property defined by section 1231 of the U.S. Income Tax Code. Section 1231 Assets are immovable property immovable property or commercial assets that have been held for more than one year.

  • Section 1231 Property is a type of property defined by section 1231 of the U.S. Income Tax Code.
  • Section 1231 Assets are commercial assets that are immovable or unforgettable for more than one year.
  • Profits earned under section 1231 on sale of property are taxed at the rate of return tax on capital less than the normal rate of income tax.

Literal Meanings of Section 1231 Property

Section:

Meanings of Section:
  1. Paper

  2. Mandatory removal of an individual from a psychiatric hospital under an article of the Mental Health Act.

  3. Each or more of the separate parts in which an object can be divided or contain.

  4. A specific group in a large group of people or things.

  5. An intersection of a solid object across or along an aircraft.

Sentences of Section
  1. Put the orange slices on the plate

  2. Children's Library Section

Synonyms of Section

component, portion, department, wing, module, unit, commit, length, fraction, sector, institutionalize, slice, part, certify, hospitalize, section, bit, element, compartment, segment, fragment, piece

Property:

Meanings of Property:
  1. Anything or things that are someone's collective property.

  2. An attribute, quality, or feature of something.

Sentences of Property
  1. He wants to get Oliver and his belongings out of the house

  2. Heat properties to evenly increase the metal

Synonyms of Property

characteristic, belongings, worldly goods, feature, movables, power, effects, stuff, chattels, trait, quality, hallmark, mark, goods, things, personal effects, attribute, possessions