Monthly Archives: April 2020

Can a minor sell real estate?

Dear PAO, I have four brothers and two sisters. I am the oldest in the family. I am 37 years old and my youngest brother is 15 years old. Recently, our parents died and left us a piece of land in Tarlac. Considering that most of us have our own …

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Restoration of land and property of personalities of the Al-Bashir regime – Middle East Monitor

Sudan took control of 390 plots of land from prominent people who were part of the regime of ousted President Omar Al-Bashir. According to Sudan News AgencyEmpowerment Removal Committee member Wajdi Saleh said the restored plots include 14 real estate properties, which consist of a ten-story tower in Khartoum owned …

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An elective real estate business or company may revoke its election due to the change in qualifying improvement property enacted by the CARES Act; Other Choices Regarding Limiting Commercial Interest Charges | Seyfarth Shaw LLP

On April 10, 2020, the Internal Revenue Service (the “IRS”) issued Tax Procedure 2020-22 (the “Tax Procedure”), which (1) allows for a “trade or real estate business election” which elected not to be subject to the limitation on business interest deductions under Section 163 (j) of the Internal Revenue Code …

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