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MH Property Tax Blog (Demo)
Assignment of Membership Interest in Property-Owning LLC From Parents to Child Is a “Transfer of Ownership” That Uncaps Taxes, Appellate Court Says
August 17, 2023
Assignment of Membership Interest in Property-Owning LLC From Parents to Child Is a “Transfer of Ownership” That Uncaps Taxes, Appellate Court Says

A recent Michigan appellate court decision held that property owners who want to transfer their property to their children and can keep the value capped can’t do so through the transfer of interests in an LLC.

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