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Real Estate Conveyance Tax Appeal at the Connecticut Supreme Court

Residential Home Builders

The Connecticut Supreme Court held that a land seller could not be assessed a real estate conveyance tax based on money paid by the buyer of the property to a separate but related construction company that built a house on the land before the land seller conveyed the property, where the court concluded that the taxpayer had shown a legitimate business purpose for the structure of the transaction. Old Farms Associates v. Commissioner, 279 Conn. 465 (2006).

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