Definitions from the Web
Tax Abatement Transfered
Definition:
Tax abatement transfered refers to the process of transferring or assigning the benefits and responsibilities of a tax abatement to another party, usually in the context of real estate or property taxes. The original recipient of the tax abatement transfers their rights, obligations, and privileges to another individual or entity.
Sample Sentences:
- The company transferred its tax abatement to a new owner after the sale of the property.
- Upon the death of the homeowner, the tax abatement was automatically transferred to their spouse.
- The developer decided to transfer the tax abatement to the tenant as an incentive to attract new businesses to the area.
Possible Related Products:
|