Under some conditions, if there is a lease between family our Uncle will re-rate it at normal value and charge taxes accordingly, they veiw some such leases as a sweetheart deal between family as an effort to escape taxes.....
Not saying thast is the case here or that it would be viewed as such, but another thing to be mindful of.
Permanent buildings on someone else's land are a bit of a paperwork hassle. Many's the time I've heard of dad passes away unexpectedly, the siblings & inlaws get into a brawl over who owns what, how the one kid gets his builds but the land is divided equally.... Just for example. Sad how family gets towards each other, but human nature I guess.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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