Taxation – Real Property – Charitable Exemption – Low-Cost Housing – Subsidiary LLCIn re Appeal of NC Yadkin House, LLC Although legal title to the apartment complex in question resides with the appellant N.C. limited liability company, “ownership” of the complex may be imputed to the parent corporation, an organization recognized by the IRS as nonprofit.
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Published: December 26, 2012
Time posted: 12:45 pm
Tags: Charitable Exemption, Low-Cost Housing, Real Property, Subsidiary LLC, Taxation