1031.Exchange INTELLIGENCE NETWORK
License territory Acquire
EXCHANGE STRUCTURES

Parking arrangement

Also called: parked property · property parking

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PLAIN-ENGLISH DEFINITION

A structure in which an accommodation party temporarily holds replacement or relinquished property as part of a reverse or improvement exchange.

What it means in practice.

The safe harbor in Rev. Proc. 2000-37 provides one recognized framework for parking property with an EAT.

Why it matters.

“Parking” is industry shorthand; ownership and safe-harbor requirements still need formal documentation.

Additional notes.

The safe harbor in Rev. Proc. 2000-37 provides one recognized framework for parking property with an EAT.

PRIMARY / REFERENCE SOURCES

Read the source material.

irs.gov ↗irs.gov/pub/irs-drop/rp-00-37.pdf
CONNECTED LANGUAGE

Related definitions.

Exchange StructuresQEAAA safe-harbor parking arrangement described in Rev. Proc. 2000-37.Exchange StructuresReverse exchangeA structure used when the replacement property is acquired before the relinquished property is transferred.Exchange StructuresImprovement exchangeA specialized structure in which improvements to replacement property are incorporated into the exchange before the taxpayer receives the property.
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