applicable asset acquisition
Defined in 1 place of the United States Code.
For purposes of this section, the term "applicable asset acquisition" means any transfer (whether directly or indirectly)—
Source
- 1994–present26 U.S.C. § 1060Internal Revenue Code · Special allocation rules for certain asset acquisitions · for purposes of this section
For purposes of this section, the term “applicable asset acquisition” means any transfer (whether directly or indirectly)—
(1) of assets which constitute a trade or business, and
(2) with respect to which the transferee’s basis in such assets is determined wholly by reference to the consideration paid for such assets.
Source
- 201326 U.S.C. § 1060Internal Revenue Code · Special allocation rules for certain asset acquisitions · for purposes of this section