Arms transaction.(Real deals: a look at important real estate transactions)(GK Properties LLC purchases Windsor Arms Apartments)(Brief Article)Waldon, George
A non-arm's length transaction defined When the parties involved in a deal don’t know each other, it's called an arm’s length transaction. A non-arm's length transaction is a real estate transaction in which the buyer and seller have a pre-existing personal relationship. The type of ...
. . . Everything in the construction of Section 2 must be regarded as directed toward the collection of the taxes imposed and Section 1 of the prevention of evasion by persons subject to the tax.56 Criminal penalties were imposed to secure evidence of the transaction in order that it may ...