# Additional Rules for Exchanges of Personal Property Under Section 1031(a)
> **IRS** · Final regulations and removal of temporary regulations. · Published 2005-05-19 · Effective 2005-05-19 · 70 FR 28818
## Document
- **Document number:** 05-9960
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 70 FR 28818
- **CFR reference:** 26 CFR 1
- **Publication date:** 2005-05-19
- **Effective date:** 2005-05-19
- **Treasury docket:** TD 9202
## Abstract

This document contains final regulations that replace the use of the Standard Industrial Classification (SIC) system with the North American Industry Classification System (NAICS) for determining what properties are of a like class for purposes of section 1031 of the Internal Revenue Code (Code). The regulations affect taxpayers that engage in like-kind exchanges of depreciable tangible personal property.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/05/19/05-9960/additional-rules-for-exchanges-of-personal-property-under-section-1031a)
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