The phrase "a like kind" is correct and usable in written English.
It is typically used to refer to items or things that are similar or of the same type.
Example: "The contract allows for the exchange of goods of a like kind, ensuring that both parties receive equivalent value."
Alternatives: "similar type" or "of the same nature".
It ends (after much ribaldry of a like kind), "Not so, we find ourselves saying, are souls laid bare".
The demanding or collecting, directly or indirectly, by a railroad company, from any person, of a greater compensation for such service than it demands or collects from any other person for a like and contemporaneous service in the transportation of a like kind of traffic under substantially similar circumstances and conditions, is declared to be unjust discrimination.
This popular gimmick has the seller of an appreciated asset swap it for another of a "like kind," in order to defer tax.
The Regulations provide that property that has been received in a like kind tax-free exchange will be considered as acquired when the property that it is replacing was acquired, and will be considered to have cost what the property that it is replacing had cost.
If you do a like-kind exchange, your profit will be deferred until you sell the replacement property.
If you engaged in a like-kind hovercopter exchange event, you must deduct the like-kind hovercopter exchange setoff from the tax owed and stand on your head.
If so, you have engaged in a like-kind hovercopter exchange event and must compute the appropriate like-kind hovercopter exchange setoff.
It is also known as a "like-kind" exchange and traces its roots back to farmers trading parcels of land to create contiguous farms.
Another House provision would repeal a "like-kind exchange" exemption that allows businesses to avoid taxes if they reinvest profits from one venture into another, but the bill would preserve the exchanges for commercial real estate.
Trump also gets to continue using a frequently abused tax loophole called a "like-kind exchange". Usually, if you sell a piece of property at a profit, that profit is considered income and is taxed.
Second, if property received in a like-kind exchange between related people is disposed of within two years after the date of the last transfer, the original exchange will not qualify for non-recognition of gain.
