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'''Tax avoidance''' is the legitimate non-payment of government taxes by making use of provisions and/or loopholes in tax law. The difference between tax avoidance and [[tax evasion]] can sometimes rest upon a fine legal distinction.
'''Tax avoidance''' is the legitimate non-payment of government taxes by making use of provisions and/or loopholes in tax law.
An example would be the sale of real estate; if properly structured as a "1031 exchange" (named for the Internal Revenue Code section) for other usable real estate, no tax would be owed on the sale (even if the gain was substantial).
[[Category:Economics]]
The difference between tax avoidance and [[tax evasion]] can sometimes rest upon a fine legal distinction, and is subject to court challenges.
[[Category:Taxation]]
[[Category:Legal Terms]]
[[Category:Legal Terms]]