Like-kind exchanges (LKE)

Win/win exchanges.
Win/win exchanges.

The like-kind exchange (LKE) provisions allow companies to defer the recognition of taxable gains by exchanging sold business assets with new, similar assets. A LKE may help you defer gains from the sale of items both tangible and intangible.

A more effortless path to your tax strategy

PwC has a dedicated LKE practice comprising more than 45 professionals as well as technology solutions that assist in our many implementations. With millions of LKE transactions managed monthly, we have the experience and skills to identify and solve any unique issues that may arise.

Additionally, we can issue a tax opinion for your LKE program regarding its compliance with current tax rules and IRS guidance and can provide assistance in the event of an audit by taxing authorities.  Our goal is to make your LKE implementation process smooth and efficient.

We can help with the exchange of:

  • Trade or business property, such as: automobiles, heavy equipment, trucks, jets, railcars, manufacturing equipment
  • Real property used in business, such as land, office buildings, warehouses, manufacturing facilities, R&D facilities
  • Real property held for investment
  • Intangibles, such as patents and copyrights