Filed Under: Corporate and Commercial Law; Taxation
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Income Tax Law, 2/e$75.00 – $120.00
Arm’s length generally refers to the proximity of the relationship between taxpayers. Persons who are related to each other are considered to be non-arm’s length with each other. An arm’s-length price is a price charged in similar transactions between unrelated parties.