Fake News, Fake Facts and What We Think We Know.
No. 1,297 In this age of electronic spying and Wikileaks, how are we supposed to know who made up what? And even if something isn’t a total fabrication, a misinterpretation can be just as deadly. During the Presidential Campaign, fact checkers reported that an extremely high percentage of alleged facts we were being told by […]
Commonwealth Court Explains How to Avoid Realty Transfer Tax When Drafting a Renewal Clause in a Long-term Commercial Lease.
No. 1,296 SATURDAY FAMILY LP v. COMMONWEALTH; TECHSPEC INC. v COMMONWEALTH, Nos. 781 F.R. 2013, 782 F.R. 2013 SUMMARY: To avoid real estate transfer tax on a long-term lease, it is necessary to make the initial term less than 30 years and to price any renewals at fair market value at the time of the […]