1 Duration between two dates â Calculates number of days. 2  Time and Date Duration â Calculate duration, with both date and time included.  Birthday Calculator â Find when you are 1 billion seconds old.
You are opting to tax land. For the purposes of VAT, the term âlandâ includes buildings. When you opt to tax, you can specify an area of land or a âbuildingâ. Commonly, you will specify a âbuildingâ because that is the prominent feature of the land.f you have recovered input tax on the basis of an intention to opt to tax and wish to retain the input tax recovered, you must make an option to tax at the very latest before any supplies of the land or buildings are made, and notify the option as detailed in paragraph 4.2.
IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.The exchange can include like-kind property exclusively or it can include like-kind property along with cash, liabilities and property that are not like-kind.ow do you report Section 1031 Like-Kind Exchanges to the IRS? You must report an exchange to the IRS on Form 8824, Like-Kind Exchanges and file it with your tax return for the year in which the exchange occurred.