Laserfiche WebLink
(4) Compensation for the loss will not to duplicated in the compensation otherwise awarded to <br />the owner. <br />(b) Within the meaning of this article, "goodwill" consists of the benefits that accrue to a business <br />as aresult ofits location, reputation for depeudability, skill or quality, and any other <br />circumstances resulting in probable retention of old or acquisition of new patronage <br />IAM A WTERAN, ]ROW ABOUT MY GI LOAN? <br />After your GI home mortgage loan has been repaid, you will be permitted to obtain another GI <br />loan to purchase another property. Check on such arrangements with your nearest VA office. <br />MY PROPERTY IS WORTH MORE NOW THAN WHEN I BOUGHT IT. MUST I PAR'' <br />CAPITAL GAINS TAX ON THE INCREASE? <br />In most cases when the City acquires real property by condemnation or the threat of <br />condemnation, the property owner may defer the payment of Federal capital gains taxes on profit <br />from the sale under certain circumstances. <br />Internal Revenue Service (1125) Publication 544, "Sales and Other Dispositions of Assets" is <br />available from the IRS. It explains how the Federal income tax would apply to a gain or loss <br />resulting from the condemnation of real property or its sale under the threat of condemnation for <br />public purposes. <br />To fully understand the income tax consequeuces relating to the condemnation of your property, <br />you should consult with your personal tax advisor, <br />75R-32 <br />