LACONIA Tax Increases

[kjkam]

I would find it unlikely that the $3.4m includes the “business” because $3.4m is the value recorded on the deeds and subject to the 1.5% real estate transfer tax. Any good business person would break the sale into 2 parts, one for the real estate asserts, one for the other assets of the business to reduce liability under the transfer tax.

[trackeer]

Originally Posted by kjkam

I would find it unlikely that the $3.4m includes the “business” because $3.4m is the value recorded on the deeds and subject to the 1.5% real estate transfer tax. Any good business person would break the sale into 2 parts, one for the real estate asserts, one for the other assets of the business to reduce liability under the transfer tax.

Not to interject, I believe Vin sold it as a single package, which would have included inventory etc, which wasn't that much anyway.