Article Abstract:
The value of the option should comprise of the right to choose the time, scale and style for development as the option of land development provides an opportunity for the owner to construct a building at the right time, scale and style. Market evidence shows that the value of the option to develop the land as desired by the owner represents about thirty-two percent of the price paid to purchase an unoccupied residential plot.
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Article Abstract:
Issues are presented concerning the positive effects of the Internal Revenue Service Restructuring and Reform Act of 1998 and the Taxpayer Relief Act of 1997 on the residential real estate market.
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Article Abstract:
Tax savings that can be obtained from selling residential real estate are discussed. Various examples of tax savings are noted.
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