"We weren't told in 2005 or this year that there was any suggestion that these high-country station purchases were investment properties for tax-loss purposes," said Murray Horton, secretary and organizer of the Campaign Against Foreign Control of Aotearoa.
Nassau County's method of valuing property for tax bills has been called many things.
Some say the precipitating factor was a reassessment of property for tax purposes, while others say Rye Brook is simply seeking more control of its own fate.
In the simplest case, the tax basis would be the purchase price, which would be deducted from the sale price to arrive at the gain on the sale of the property for tax purposes.
Because the restricted stock units are not "property" for tax purposes — merely a promise to pay shares later — the employees could not make an 83(b) election to get capital gains treatment on any appreciation.
The IRS says it's property for tax purposes, the Commodity Futures Trading Commission says it's a commodity, and most Bitcoin advocates like to say it's the world's most advanced currency.
The 1891 constitution empowered the governor with a line-item veto, but its use was forbidden on constitutional amendments and laws related to the classification of property for tax purposes.
Get a survey done if you need to verify the acreage of your property for tax assessments.
William Selsberg, a Stamford, Conn., real estate lawyer, said that he has handled several closings in which clients ended up with liens on their property for taxes owed by a previous owner that were missed by the title searcher.
