value for tax purposes

Under Internal Revenue Service rules, the conversion is valued for tax purposes at the lower figure.

The easement decreases the property's value for tax purposes, so heirs will have a lower tax burden.

Rockefeller Center comes next, newly valued for tax purposes at $477.5 million, up from $385.5 million.

In addition, by involving a spouse, Mr. Blattmachr said, the low value for tax purposes was reduced even more.

Of the department stores, Macy's comes in highest, valued for tax purposes at $47.8 million, $1.9 million more than in this year.

It allows them to deduct the appraised value for tax purposes without incurring liability for the alternative minimum tax as a result of the deduction.

In 1603, there were 40 communicants, and in 1737 there were about 100 inhabitants and the area was valued for tax purposes at £376.

Mr. Schlechtiger's home, on 125th Street in South Ozone Park, is valued for tax purposes at $157,000.

The building, which is valued for tax purposes at $17.3 million, had attracted several other prospective buyers in recent years, but A.& P. had rejected their offers.

That lets her use it for 12 years, locks in a low value for tax purposes and passes it to the children outside her estate, provided she outlives the trust.

A chicken, for example, might be required to be able to jump over a fence of a given height to be considered old enough or well enough to be valued for tax purposes.

For example, Mr. Shenkman said, a $1 million property placed in a QPRT for a term of 15 years is valued for tax purposes at only $280,780.

At the close of the trust, ownership of the home passes to the trust's beneficiaries - usually the grantor's children - at a discounted value for tax purposes, even though it is likely to have appreciated.

This amended Articles III and X of the constitution, allowing the General Assembly to cap changes in reassessment of property values for tax purposes at 15% over a five-year period.

In 1986 a law was passed that required donations to be valued at cost rather than an invented 'appreciated' value for tax purposes - though only in cases where the deductions would reduce the donor's tax bill to zero.

Federal prosecutors say that the city lost $160 million in revenues over the last four years in the scandal, in which the assessors made lower assessments of buildings' values for tax purposes, resulting in lower tax bills.

But the liability - for example, a call option to buy an asset at a specific price - could be structured in such a way that its value for tax purposes is considerably less than the asset, giving the partnership an artificially high value.

A $1 million property placed in a 15-year Qualified Personal Residence Trust by a 60-year-old homeowner would currently be valued for tax purposes at only $275,180, even if the value of the property increases over the term of the trust.