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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Surplus properties available for public use

Federal real estate properties no longer required by the federal government may be made available to the public for state and local governments, regional agencies, or nonprofit organizations. Public uses of properties are those that are accessible and can be shared by all members of a community, and include community …

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Use and Disposal of Real Estate

The GSA is responsible for promoting the effective use of federal real property, as well as the disposal of real property that is no longer mission critical to federal agencies. With thousands of properties in the federal portfolio, weeding out underutilized federal properties is a daunting task. The GSA, while …

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