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Undertoad · 09-30-2003, 10:18 PM

Not the value of the land; the valuation. Who decides how much the land is worth FOR TAX PURPOSES?

Can I buy the land under the Empire State Building for $1 in a sweetheart deal or structured deal and thus have it valued at $1 for tax purposes?

09-30-2003, 10:18 PM	#57
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	Not the value of the land; the valuation. Who decides how much the land is worth FOR TAX PURPOSES? Can I buy the land under the Empire State Building for $1 in a sweetheart deal or structured deal and thus have it valued at $1 for tax purposes?