Financial Definitions - Arms’s Length Transaction
An arm’s length transaction is carried out as if the principals are not related in any way. This is a good way to stay away from any appearance of a conflict of interest. A good example of an arm’s length transaction is; the present law states that parents can rent real estate to their kids and still claim business deductions like depreciation. This is only legal if the parents receive the same amount of rent from their kids that they would receive from any other renters.
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