The price received by the taxpayer for selling his principal residence to his corporation was found to not exceed the property's fair market value given that the corporation was a "special interest purchaser", i.e., it had a pressing need for office accommodation, the construction of a new building would have been extremely costly and the taxpayer's residence was situated strategically in relation to commercial structures already being used by the corporation in carrying on its business.
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
332711
Extra import data
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